U.S. SBA Michigan District Office - Monthly Lunch & Learn: “Access to Capital Information Sessions”

Event description

The SBA Michigan District Office conducts an online Access to Capital Information Session every third Thursday of the month. Each month, one of the SBA Michigan’s Lender Relations Specialists will provide established and aspiring small business owners with insight into the criteria used by loan officers to evaluate a loan request along with an overview of SBA’s Financing Programs.  This training demystifies the lending process by walking participants through the key criteria that financial institutions use to assess creditworthiness and risk.  Participants will learn about the "Five Cs of Credit": Character, Capacity, Capital, Collateral, and Conditions and how each factor plays a role in a lender’s decision making process. By the end of the session, attendees will be equipped to assemble more compelling loan applications and improve their chances of approval.