Understanding Cash Flow and Bank Lending
New College Institute-King Bldg.
30 Franklin Street
Martinsville, VA 24112
Applying for a business loan from a bank is often necessary to secure your businesses growth. A loan can give you the capital you need to start or expand, provided you have a solid plan for using the money and a sound business idea.
Your existing (or potential) cash flow is also one of the most important factors for obtaining bank loans and investor financing. Before you approach a bank or potential investor, it is important that you understand and can explain where your money is coming from and where it's going. Lenders want to ensure that you have a tangible solution for operating a successful business and are able to repay the debt.
Retired banker Carolyn Shough will be the guest speaker and cover the importance of understanding your cash flow as well as what you should know and do before approaching lenders or investors.