Technical Assistance – Financial Capacity Building for Small Minority Businesses
Date(s) - 17/10/13
10:00 am - 4:00 pm
New Detroit, Inc. is pleased to present its popular workshop “Technical Assistance – Financial Capacity Building for Small Minority Businesses.” The one day workshop helps minority small business owners strengthen their working relationships with banks and other commercial lenders, expand their familiarity with the lending process and accelerate their business.
Participants will learn of ways to increase their ability to:
address the major concerns of lending institutions when seeking funding
strengthen their ability to articulate their needs to lenders
have more productive meetings with lenders due to an increased understanding of the lending process
The curriculum has been carefully created to familiarize small business owners with the commercial lending process. The seminar is geared to present attendees with practical information about the components of their financial statements, why these components are important to business owners and lenders, information about the commercial lending process, and how to prepare to meet with lending institutions.
The seminar is aimed at minority businesses with annual revenues of $1 million or less and which have been in business for five years or less. It is designed to for business owners who have a desire to better understand their business’s financial condition through analysis of their financial statements and tax returns, to utilize their financial statements as effective planning tools and have more effective conversations with lending institutions.
Presenters will include representatives from Charter One Bank, the Small Business Administration (SBA), The Detroit Investment Fund, SCORE, Micro lenders, and CPA’s that specialize in small business.
For further information, questions, or to register for the workshop, please contact (313)664-2000.