SBA Business Loan Requirements
Event Information
Description
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
· Financial Data
· 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
Presenter:
Thomas Heaton, Business Consultant
UGA Small Business Development Center at GSU