Understanding the Business Loan Process

Do you have a great idea for a business and the only thing standing in your way is the money to give it some legs? Or, you already own your own business but could use some extra capital to take things to the next level? You have come to the right place!

In this presentation, you will learn the ins and outs of business loan proposals. The following topics will be covered:

• 5 C’s of Credit: Character, Capacity, Capital, Collateral, and Conditions
• How to obtain a loan for a start-up business
• How to obtain a loan for an existing business
• How to obtain a loan to buy a business

The speaker will be Awilda Irizarry, Senior Business Advisor and Financial Specialist with the Massachusetts SBDC – Northeast Region.