Wyoming SBDC The Inside Scoop: How to Get Your First Small Business Loan Request Approved – Douglas

2024 will be the year you start or expand your small business – but you need financing to make it happen. The SBA Wyoming District Office & Wyoming SBDC Network will take you behind the scenes and share what it will take for you to get ready to approach a lender, and how you can increase your chances of getting an approval on your loan request.

We’ll share best practices for ensuring that your personal financial situation – the foundation for the success of your business is as strong as possible, and we’ll go over:
• preparing a personal financial statement
• checking your credit score
• what your safety net looks like if it takes longer than you expect to achieve the revenues you’re projecting
• a hands-on case study to review cash flow projections for a loan application, so you will better understand how to evaluate a potential deal from a lender’s perspective.

You will also have an opportunity to schedule a free one-on-one appointment with your SBDC Regional Director to assist you with developing cash flow projections for your business, to help you explain to your lender where the money to repay your loan will come from, in the format they will understand.

Bring your lunch and your questions!

Presenter:  Steen Stovall – Wyoming SBDC Network, Drew Dietrich – Wyoming Business Council, Amy Lea – SBA