Resource Partner Event
Feb 27
NOTE: This event has expired.

How to Get a Loan

Business PlanningLender Financing/Financing a BusinessStarting a Business

Date:
February 27, 2019 | 9:00 am CST - 12:00 pm CST

Location Name:
SIUE East St. Louis Higher Education Campus

Address:
601 James R. Thompson Blvd., Building D-Multi-Purpose Rooms 1006/1008, East St. Louis, IL,62201

Jo Ann Di Maggio May

Organization:
Illinois SBDC for the Metro East at SIUE

Fee:
This is a free event.

This course, designed for small business owners or economic development professionals, breaks down the financial statements in a simple way. Participants will learn how third parties evaluate financial statements to make lending decisions. The goal is to provide a basic understanding of rudimentary underwriting parameters utilized by credit evaluators to determine loan eligibility. Specific topics include: The importance of maintaining current and accurate financial records; what goes in a loan application; the four C’s of Credit; the four D’s of Disaster; understanding the balance sheet and its importance to underwriting; understanding the profit and loss statement and its importance to underwriting; understanding cash needs and the operating cycle; “Quality Indicator Checklist" and its importance to underwriting; understanding cash flow available for debt service.