August 24, 2020
Breaking Down the Lending Process and Financial Options for Small Business
The Greater Florence Chamber of Commerce, along with Francis Marion University’s Kelley Center for Economic Development, have partnered to present a small business development series for individuals looking to start a business and for current business owners. The three-session program will offer advice on improving existing operations and details to understand before you try to start a new business.
Session Description: When a business wants to grow, there is often a need to seek additional funding from lenders. In this session, business owners will learn about the general lending process, including the basic requirements for applying for a small business loan. This session will also discuss business plans, future projections, personal financial statements, assessing your bookkeeping process and becoming comfortable with how to present your loan request to a lender. There will also be discussion about the different types of loans and how they work.