Find out what a lender wants to know about your business

If you've been wondering what it takes to get financing to start a new business or expand an existing one the opportunity to learn is coming up.

The Michigan Small Business Development Center (SBDC) Southwest Region is hosting the SBA Meet the Lender Event, from 9 a.m. to noon, Thursday, April 24 at the Kinexus office at 499 W. Main Street in Benton Harbor.

More than 20 commercial lenders, loan guarantors, and service organizations will be there to answer questions. Business owners are encouraged to talk with more than one of the lending institutions that will be present.

Attendees should plan to meet with Kinexus SBDC Business Consultant Bob Jones for one-on-one counseling before the event to ensure all business plans and financials are in order.

The forum is designed to help entrepreneurs understand what lenders look for when they are making investment decisions. Business owners will have the opportunity to evaluate their pitch and find out how to improve it if they are struggling to find funding for additional growth.

“In this environment it is important that business owners speak with more than one lending institution when looking for funding,” says Brian Picarazzi, senior area manager for the U.S. Small Business Administration (SBA), which sponsors the event.

There is no cost to attend, however, registration is required. Contact Jones at jonesb@kinexus.org or (269) 927-1064, extension 1148 to register. In the past year, Jones has helped successfully open 19 small businesses and is currently working with an 80 additional clients.

Other resources also will be available at the event, including representatives from SCORE, the Women’s Business Center, and the Michigan State University Extension.

Source: Betsy Loeks, Kinexus

Find out what a lender wants to know about your business

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