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Preparing For a Loan

Feb
12
2019
Tue 9:30 AM to 4:30 PM
Topic: Business Planning

Be ready to go to your financial institution with a solid loan package. Entrepreneurs will work with SBDC advisors to complete required documentation to make the loan process less time consuming. Attendees will receive a flash drive loaded with the following items: • Executive Summary Template • Source and Uses Statement • Sales Forecast • Operating Budget • Personal Financial Statement • Debt Schedule • Financial Projection Model This workshop is best suited for businesses that are registered legal entities in the state of Ohio and have generated sales. Additional Requirements: • Current on all state and federal taxes or established payment plan • A credit score of 590 or higher • Copy of your Annual Credit report (Needed to complete Debt Schedule) • Must have a minimum of 10% cash contribution available for your loan project (based on the total)


Fee: $ 49.00

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Phone: 216-812-3162

Location

Ohio SBDC at Cleveland Urban League
The Urban League of Greater Cleveland
2930 Prospect Avenue, Cleveland, Ohio 44115
Small Business Development Centers of Ohio U.S. Small Business Administration America's Small Business Development Center Network Ohio Development Services Agency
Funded in part through a cooperative agreement with the U.S. Small Business Administration. The Ohio SBDC program is also funded in part by the Ohio Development Services Agency. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. For arrangements, call the Ohio SBDC at 614-466-2711 or (800) 848-1300.
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