One of the keys to a successful business start-up and expansion is your ability to obtain and secure appropriate financing. To be successful in obtaining a loan, you must be prepared and organized. This workshop will cover the SBA’s 7(a) loan program eligibility requirements and credit criteria to accommodate a wide range of financing needs.

General information will be provided on the following topics:

· Sources and Uses of Funds

· The components of a completed business plan

· Resumes of Principals

· Site Plan/Physical Description of Building/Land

· Terms and Conditions

· Preparation for discussion with the banker

· Ratios

· Fees associated with loan closing costs

· Shopping your Loan

· Credit Report

Thomas Heaton, Business Consultant

UGA Small Business Development Center at GSU