Thursday, May 28, 2015

Show Me The Money: Financing Your
Business Options (5of 6)

 

Overview:

Understand the various ways you might finance your business and how to approach friends and family, angel investors, banks and venture capitalists. Learn to prepare the documents you will need to submit for each. A guest banker will present criteria banks use to determine credit worthiness and a representative from the SBA will discuss the SBA loan guarantee program.

Description:

1. Borrower’s qualifications  2. How do you communicate? Know how to talk to financiers. 3. Funding Sources: Where do you go to get financing? 4. SBA Guaranteed loans: All about the SBA loan guarantee program. 5. Banker’s point of view: What is a banker's take on your qualifications? 6. Follow Up and set backs: What do you do if the banks reject your application?

 

Register Now!

 Speakers:

 

Larry Pelka of Chicago, IL has been a SCORE member since 2001 and is currently the Assistant District Director of SCORE in Illinois. He was previously the Chicago SCORE Chapter Chair. Pelka was CEO of Associates Commercial Corp., a world wide commercial lessor and lender with over 12 divisions. Prior to his 22 years with ACC, Larry was the central region manager for General Electric Capital.

Dennis Foldenauer is a Supervisory Economic Development Specialist in SBA’s Illinois District Office where he conducts outreach on SBA’s programs and partners, small business finance and topics of current interest to businesses like the Affordable Care Act. Prior to joining SBA, Dennis represented the US Department of Commerce’s Economic Development Administration in Michigan, Minnesota and Wisconsin.

Carlos Pena

Carlos is a loan officer at Accion Chicago, a non-profit company that provides loans and access to resources to small business owners and entrepreneurs in Chicago and Illinois. Prior to Accion, he worked as an analyst in Deloitte's Financial Advisory Services group in Chicago, where he conducted research and performed valuations of public and private businesses for financial reporting, mergers and acquisitions, and strategic planning purposes. Originally from Ecuador, Carlos came to the US to attend the University of Notre Dame, where he graduated with a double-major in Finance and Economics. He is fluent in Spanish and English.