Becoming Bankable – Session 2: Financial State and Needs for Growth

oin the Urban League of Louisiana for its signature “Becoming Bankable Series: Preparing to Access Capital”, March 7-9, 12:30pm-2:30pm! This series is sponsored by Louisiana Economic Development and the U.S. Economic Development Administration.

For small businesses, there are certain indicators that are very telling as to whether or not obtaining a traditional business loan will be possible. These include the personal credit score of the owner, time in business, profitability, debt service coverage, and collateral. In considering these factors and others, it is imperative that entrepreneurs understand how to best position themselves to access capital and what they can be doing today to advance their business closer to becoming bankable.

Session 2: Examining Your Business’ Financial State and Needs for Growth |Wednesday, March 8 | 12:30p-2:30p

During this session, participants gain insights into how to get their business finances in order including ensuring that your balance sheet, income statement, and statement of cash flows are accurate.

Attendees will receive tips on accounting systems, banking, equity needs and other important aspects of becoming bankable. Participants will also learn how to examine the financial needs of their business, how to convey funding needs through a business plan, and how to make the case for the estimated repayment plan.

Facilitator: Lori Jackson, Financial Literacy Coach, MSC Coaching

There is no cost to attend this informational webinar; however, you must be registered for the webinar to participate. Please secure your spot today by visiting https://attendee.gotowebinar.com/register/174120190021902426. After registering, you will receive a confirmation email containing information about joining the webinar.