Navigating the New Venture Lending Landscape 4:00 - 4:40 PM
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Not all money is created equal and financing a new venture can be especially tricky. From bootstrapping to borrowing and everything in between, it can be a daunting task to navigate the new venture lending landscape. After all, why are different lenders looking for different things? Who should I borrow money from (or not)? What are the 3 F’s? Shouldn’t people just want to give me money to start my business? We get it… there are a lot of questions and this is new territory for most new start-ups. Join us for a quick overview of what it takes to finance a new venture and maybe even debunk a few myths along the way.
Discussion topics:
-Knowing the difference between traditional and non-traditional lenders
-The 5 C’s of Credit – it matters!
-Alternative forms of capital – what’s even out there?
-Grants… grants… grants!
Presenter: Joni Krolczyk, MI-SBDC Business Consultant; Networks Northwest
The Michigan SBDC provides consulting, training, and research to assist small businesses to launch, grow, transition, and innovate. The Michigan Small Business Development Center (SBDC) enhances Michigan’s economic wellbeing by providing consulting, training, and market research for new ventures, existing small businesses, and advanced technology companies.
With our Lead Center at Grand Valley State University in Grand Rapids and 11 regional offices throughout the state, we provide entrepreneurs and business owners with convenient access to counseling and training throughout Michigan.
The Michigan SBDC is committed to foster and sustain a culture of inclusion through equitable outreach and service to Michigan's diverse business community.
