March 13, 2024, at 6PM-8PM Click here to register.

Description: As your business grows, you may need to secure a loan one day to make the investments necessary to continue that growth. Whether that day is tomorrow or 5 years from now, it is important to understand what you need to plan and prepare for now to maximize your chances of obtaining that capital. This session is intended for young businesses seeking their first loan and will cover: loan fundamentals and options, when to (and not to) get a loan (and how much), the qualifications and process for getting one, as well as have a frank discussion about the fears and concerns that many business owners may have about loans.

Forecasting Cashflow

Identify when you might come into a challenge

Options: reduce expenses, accelerate sales, finance (LOC)

Sizing a business loan

How to approach getting a loan

Overcoming Fears for Bank Loan

Instructor: Robin Wang (he/him), is a former business owner and business lender. As a Capital Advisor in Prosper Portland’s Inclusive Business Resource Network (IBRN), he brings his experiences from being on both sides of the table to provide guidance and support to owners seeking to secure a business loan.