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Business Loans and Cash Flow to be Explained at Workshop

Oct 18, 2013
              Business Loans and Cash Flow to be Explained at Workshop

Martinsville, VA (October 18, 2013) - The Martinsville-Henry County Economic Development Corporation's Small, Minority & Entrepreneurial Division is hosting a workshop on understanding cash flow for entrepreneurs and business owners who intend to seek financing or investors. The free workshop is scheduled on October 31st, from 9-11AM at New College Institute (30 Franklin Street, Martinsville).

Obtaining a loan can provide the capital needed to start or expand a business. However, lenders often want to see a solid business plan, including one of its most crucial components - cash flow. Before approaching a bank or potential investor, entrepreneurs should understand and be able to explain their cash flow - where money is coming from and where it is going.

Retired banker Carolyn Shough will lead the discussion and give tips on the topics.

Registration is required for this free workshop by calling 276.403.5940, emailing or visiting

The mission of the Martinsville-Henry County Economic Development Corporation is to create new job opportunities and expand the tax base for the area. The organization strives to support and develop local industry, as well as market Martinsville-Henry County globally as an exceptional place to live, work and play.

The EDC is a public-private partnership between the City of Martinsville, Henry County, the Martinsville-Henry County Chamber of Commerce, the Martinsville-Henry County Chamber's Partnership for Economic Growth (C-PEG) and the Harvest Foundation of the Piedmont.

Martinsville Virginia