Understanding the Business Loan Process

Topic: Financing

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 5 C’s of Credit will be covered: Character, Capacity, Capital, Collateral, and Conditions. In addition, we will discuss how to obtain a loan for a start-up, how to obtain a loan for an existing business, and how to obtain a loan to buy a business.

Speakers:

• Awilda Irizarry, Senior Business Advisor and Financial Specialist — Massachusetts SBDC, Northeast Regional Office
• Jugmi Rao, VP – Relationship Manager-Business Banking, North Shore Region — TD Bank