CEI

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 […]

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 […]

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 1: Understanding and Improving Your Personal Financial Position | Tuesday, March 7 | 12:30p-2:30p During this session, participants will learn what it means to become bankable and how the personal finances of the entrepreneur are connected to the business. This session also includes a deep dive into the components of a personal financial statement and why it is such a critical part of the funding package for small businesses. Attendees will examine the debt to income ratio versus the debt service coverage, as well as, one’s personal credit score […]