Funding Your Business: How To Talk With A Lender
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Funding Your Business: How To Talk With A Lender

By helping you think like a lender, we will help you understand how best to get funding for your business.

By SpaceLab Detroit

Date and time

Thursday, May 23 · 4 - 5pm EDT

Location

SpaceLab Detroit

607 Shelby Street 7th Floor Detroit, MI 48226

About this event

  • 1 hour

Presenter Name: Tom McFadden, Lender Relations Specialist

Company Name: United States Small Business Administration

Title of Presentation: Funding Your Business: How To Talk With A Lender

Description of presentation: We will help you think like a lender, and understand how to get funding for your business starting with The 5 C's of credit.

  • Character
  • Cash Flow
  • Collateral
  • Capitalization
  • Conditions

-We'll debunk the myths and demystify the process of small business financing

-We'll discuss what information your lender will need from you

-We'll explain the SC's of credit and how SBA programs can help you access the financing you need to start or grow a business

-We'll answer as many questions as we can during the seminar to help take your business to the next level


About Tom McFadden

He works for the U.S. Small Business Administration as a Lender Relations Specialist. Previously, Tom was a Finance and Strategy Specialist with the Michigan Small Business Development Center, where he worked as a consultant for small manufacturers throughout Michigan, helping them obtain working capital and other financing. Tom is a seasoned commercial lender with over 30 years of experience, having worked for NBD Bank, Republic Bank and a de novo bank in Ann Arbor, MI. Tom holds an MBA degree from Indiana University’s Kelley School of Business with double majors in Marketing and Finance and a BA degree from the University of Notre Dame where he double majored in Economics and Government.


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Free