LeadSMART

Description

Did you know you have more than one credit score?  When and how does a lender use each of your credit scores to assess your credit worthiness?  Do you know the difference between the terms, FICO, FairIsaac, BNI, Beacon and Pinnacle, Global Cash Flow, Debt to Income Ratio and Debt Service Coverage Ratio? Will you have business funding needs in 2017, 2018 or beyond? How will personal purchasing decisions you make today impact your ability to obtain a business loan within the next 12 to 24 months?

The University of Georgia SBDC and Kinetic Credit Union will have a one day course under the umbrella of LeadSmart Finance, designed to strengthen business owners/entrepreneurs seeking to obtain funding in the next one to two years and beyond.  The focus of the course is to provide insight into the current process used by lenders for obtaining credit scores and how these credit scores are used in the funding process.  The course will also explore how purchasing decisions a business owner makes on the personal side can impact their ability to obtain a loan on the business side.

For any questions, please contact 706-569-2651 or email columbus@georgiasbdc.org

COST: $99.00 (early bird pricing $69.00)
HOURS: 8

Agenda

In the morning session, ‘The Scores That Matter Most’ will focus on helping business owners gain a better understanding of personal credit scores, how they are calculated and strategies to maximize those scores:

  • Understanding personal credit scores in general
  • FICO
  • Fair Isaac
  • BNI 3.0, 9.0, …
  • Beacon
  • Pinnacle

In the afternoon, ‘The Right Combination’ will focus on the implications of business lending and how personal credit impacts a business’s ability to borrow:

  • Timing of major purchases personally and how these purchases affect business loans
  • Revolving Lines of Credits
  • Personal Guarantees
  • Risk Grade
  • Business credit scores – D&B
  • Debt Structuring
  • Global Cash Flow Analysis
  • Implications of Co-Mingling of Funds
  • How to best inject capital into a business

Upcoming Courses

August
August 30
09:00 AM to 01:00 PM
August 30
➕ More details
August 30
09:00 AM to 01:00 PM
LeadSMART Finance is designed to strengthen business owners understanding of how to position themselves to be stronger from financial standpoint. It will help dynamically growing business owners understand what lenders are requiring today’s world to obtain a funding, how important tax changes will affect small business and understanding which business structure is best.

Email us for more details or call 7065692651.