How To Get A Business Loan
June 22, 2010
Registration FREE (see below)
Every person starting a business or running a small business has had to go through the trauma…How Do I Get A Business Loan? It is probably the single most important step in getting their business on firm ground; yet “The Right Way” is a complete unknown to most of us. How do I approach the lender? What does he want me to bring? How can I make the meeting a perfect meeting?
This seminar is designed to replace the small business person’s concern and fear with the confidence that he (and she) has it “all together”.
Issues we will cover include:
- Are all lenders the same?
- How does a loan officer evaluate a loan request?
- What are the procedures of the loaning activity?
- What is the “risk evaluation process”?
- How long does the process take?
- Who makes the decision?
- What does a lender want in a Business Plan?
- What are the key financials a lender requires?
- How can I lower my risk?
- How much collateral do I need?
- How much must I invest in my start-up?
- Are there loan activities that recognize the special needs of minorities, women and veterans?
Our program features two speakers you can’t afford to miss:
RAY MANUEL is the Lending and Credit Analyst with the Women’s Business Center in Fayetteville. The Women’s Business Center provides assistance to new and existing business owners (of all genders) in all phases of start-up and expansion. The Center, in conjunction with Self-Help Credit Union, administers the SBA’s Community Express Loan Program in this area. Ray will discuss in detail the four programs under this umbrella: Business Loan Express, Innovative Bank, Superior Financial Group and Self-Help Credit Union. These loan programs have unique properties geared to small businesses and take a different approach to the small business person than most conventional lenders.
The loans discussed are especially directed to the small business community and should be fully understood by all small business owners. They represent a unique set of alternatives to the “regular” business loan.
BRIAN McLEOD is a Portfolio Manager Team Leader with BB&T in Pinehurst. His primary responsibilities are reviewing loan requests and collaborating with the Credit Team to make loan decisions. Prior to coming to Pinehurst, he was a Business Services Officer in Sanford for three years where he worked directly with business owners regarding their commercial loan needs. Brian graduated from Wake Forest University with a degree in Economics and joined BB&T’s Leadership Development Program in 2005. He will discuss how bankers approach a new credit request and provide some tips to help ensure your message gets across.
Quotes from prior attendees:
- “Gave great direction for getting a loan”
- “Details on what would prevent approval of a loan”
Scheduled dates, times, location:
June 22, 2010
- 8:30 a.m. Registration
- 9:00 a.m. Seminar starts promptly
- Location - Sandhills Community College, Van Dusen Hall, Room 103
Registration
- To register please call the Small Business Center, Sandhills Community College, at 695-3938 or email neelym@sandhills.edu identifying course, your name and tel#.
- Early pre-registration is encouraged to be sure of seating availability and that sufficient hand-out materials are on hand.