In economic times like these it is very common to be concerned about how you will raise working capital to fund your business venture. This workshop is designed to clear up some of the confusion of what funding sources are actually available, while assisting business owners to better understand the qualifications needed to apply for loans. Advantages and disadvantages of some of the options will also be reviewed.
Beginning with a one-hour overview of the various kinds of funding, this information-based seminar will also include a panel of experts from a variety of financial and economic resource organizations.
So come join your fellow small business owners as Mr. Edward Knox of the Small Business Administration lends his expertise to present the wide variety of funding options and facilitates a lively panel discussion of local subject matter experts.
Questions addressed in the presentation or panel will include:
- What types of loans and venture funding are available?
- Are grants an option? Do I qualify?
- How much of my own capital do I need put down to acquire funds
from a traditional bank?
- Is a business plan really necessary to get a loan?
- How high does my credit score have to be to be considered a “good risk”?
- What role does the SBA play in facilitating loans?
- What is the difference between a direct loan and an equity investment program?
- Is there any current legislation that is working to assist small businesses have
improved access to capital?
- Are there any loans specially designed for veterans, minorities or special