Becoming Bankable – Session 3: Action Planning for the Funding Package
Join 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 3: Action Planning for Becoming Bankable and the Funding Package | Thursday, March 9 | 12:30p-2:30p The final session of the series will focus on assisting participants in developing a plan of action for improving their financial position over the next 6-12 months. This session also provides participants with final guidance on developing a funding package. This session will cover best practices in finalizing a loan package, obtaining support, and how to prepare for follow up questions. Common mistakes and items overlooked will be revealed so that participants know […]