Thursday, May 11, 2017
12:00 pm - 1:00 pm

Are you going to be seeking financing for your business? Whether it is an existing business or a brand new start-up, there are several things you need to know BEFORE you approach a lender. We're bringing in Shannon Richardson of Community Banks of Colorado to give you the rundown of what you need to know. Bring your lunch and join us to learn:

What Are Your Choices?
      - Microloan, SBA, Conventional Bank Loan
      - Overview and comparison of different loan types 

Preparing to Approach Your Lender
     - Credit scores (FICO) and how to repair if needed 
     - Understanding your financials-Balance Sheet, Income Statement, Cash Flow Statement
     - What are the 5 C's of Credit? 
     - What are the expectations for...Capital Injection (owner's investment), Cash Flow (what is cash flow), Required Documents, Timeline (turnaround
        time) and Costs

Our Instructor

 

Shannon Richardson

Community Banks of Colorado
Business Banking Center Manager

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