Please don’t miss the opportunity, offered by the experts from our local banking partners and the Small Business Development Center (SBDC) in collaboration with the NET Incubator, to provide a financing workshop to better prepare small business or start-up companies on how to secure bank loans and understand other types of financing.
On the agenda:
- Start-up versus established companies
- Preparing for your application interview
- The role of the written business plan
- How your financial projections may impact your request
- Why are tax returns or an accountant’s compilations important
- Types of Bank Financing
- The importance of Credit, Cash Flow and Collateral
- How the Bank assesses risk
- What types of collateral will the bank consider and what value will they carry
- How the Bank evaluates your request
- The importance of Operating Agreements and Corporate Resolutions.
Guest Speakers:
Patrick Rastatter
Business Banking Officer, Security National Bank
Richard Whalen
Vice President, PNC Bank
Brock Burcham
Vice President, Merchants National Bank
Mark Keating
Loan Program Manager, SBDC, Inc
April 13, 2010
7:30 a.m. – 9:30 a.m.
Commerce Point, 20 S. Limestone St.
Free Coffee & Rolls
RSVP’s must received by April 12
About SBDC
The Small Business Development Center (SBDC) has been an advocate and resource for small businesses throughout the Springfield and Clark County area since 1984. SBDC helps local business owners build vibrant and thriving enterprises by offering expert consultation, facility rental and assistance in the acquisition of capital and financing.
Unlike many SBDCs, the Springfield-Clark County SBDC employs a full-time loan officer and has funds available to loan. Its counselors represent a broad spectrum of business from manufacturing to minority businesses to Internet marketing and beyond. Each counselor has many years of experience in his area of expertise. Working individually or collectively, they offer solid advice for handling critical areas related to the growth of a business.
About NET Incubator
The National Environmental Technology (NET) Incubator provides an affordable head start to companies whose focus is environmental technology as well as a resource for larger, established companies who seek to diversify their product lines.
Technology incubators enable start-up firms and entrepreneurs to bring new ideas and technologies to market. With environmental technologies representing one of the fastest growing sectors worldwide, the need is evident.
The Incubator is located in the McLin International Center for Water Resources Management on CSU’s campus in Wilberforce, Ohio and is near one of the largest EPA research laboratories in the nation, The Andrew W. Breidenbach Environmental Research Center in Cincinnati, Ohio.
>>Register to this event by e-mailing Amanda at ahorine@greaterspringfield.com
>> Small Business Development Center (SBDC) Web site
Filed under: Events | Tagged: NET Incubator, SBDC, small business, small business development center, Springfield Chamber Small Business | Leave a comment »
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