Date and Time
Tuesday May 3, 2022
9:00 AM - 10:00 AM CDT
Tuesday, May 3 | 9 - 10 a.m.
Location
Virtual Live
Fees/Admission
No cost
Contact Information
Illinois Small Business Development
and International Trade Center
College of Lake County
(847) 543-2033
Send Email
Description
This workshop helps potential loan applicants to understand the things that lenders consider necessary for loan approval. More specifically, the workshop covers the components of a solid business plan, the documentation required to secure a loan as well as credit and equity requirements. The workshop also reviews various SBA loan programs and eligibility criteria and helps participants to understand the main reasons loans are rejected. What's Covered: • Complete Loan Package • SBA Loan Products • Five Cs of Credit • Equity Requirements • Essential Business Plan Components • Personal Budget Analysis • Calculating Debt Service Coverage • SBA Eligibility Criteria • Common Reasons Deals are not Approved