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 2016, 2017 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 launch a two 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: $49.00 ($75 if you purchase BOTH courses)
HOURS: 3/day

Agenda

The first 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

The second session, on April 22nd, ‘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

No upcoming courses are on the horizon

Click the button below to add your name to the waiting list. As soon as this course comes available again, you will be contacted by your location UGA SBDC office.

Waiting List