The document provides information about accessing capital from Accion, a nonprofit microlender, including details about loan amounts and rates. It also outlines the agenda for a workshop on financial management topics for small businesses, such as cash flow, taxes, credit, and how to prepare a strong loan application that addresses the five C's of borrowing. The document introduces Diana Golopenta, the manager of lending at Accion, and provides her contact information.

1. Access to Capital
Diana Golopenta
Manager of Lending, National Program

2. 2
• Accion is a nonprofit microlender with
over 20 years experience providing small
business loans and financial education
• Loans from $500 to $50,000; Interest
rates from 8.99%-15.99%
• To apply for a loan visit
www.accioneast.org/apply or call
1-866-245-0783 to receive more
information.
Join our Business Tip of the Month Newsletter: www.accioneast.org/email
View our upcoming workshops: www.accioneast.org/workshops
Follow us on Facebook: www.facebook.com/AccionEast
Follow us on Twitter: @accioneast
Lending. Supporting. Inspiring.

3. Diana Golopenta, Manager of Lending – National Program
Diana has worked with Accion East’s lending programs for
over 3 years, managing a national portfolio of business
loans throughout the online lending program. Her
experience has given her expertise into evaluating the
financial status, credit and business operations of clients to
determine the feasibility of granting loans. Diana has a
MBA in Finance and International Business from Hult
International Business School and speaks English,
Spanish French, Romanian and German.
3
Email: dgolopenta@accioneast.org
Phone: 617-616-1519

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Agenda
• Cash Flow Management
• Taxes
• Incorporation
• Credit
• Financial Records & Transparency
• 5 C’s of Credit
• Know the Lenders
• Business Plan

5. What do lenders look for? The C’s of Borrowing
5
Your ability and willingness to pay them back!
C
• Credit
C
• Cash Flow
C
• Conditions
C
• Collateral
C • Character

6. Cash Flow Management
6
• How do you manage your business and personal
accounts?
• Do you deposit all of your business sales?
• Do you co-mingle expenses?
• Do you keep a Cash flow analysis? What is a cash flow
analysis helpful for.

7. Taxes
• How do you report your taxes?
• Importance of reporting 100% of reality!
• Losses Vs. Profits
• Payroll Taxes
7

8. Corporation
• Think about the officers you included in your corporate
documents.
• What type of corporation best suits your business? LLC, Inc,
Sole Proprietorship, partnership etc…
• What does your corporation mean in terms of liability?
• What does your corporation mean in terms of accounting?
8

9. Credit
• What is the importance of business vs. personal credit?
• How do you build a credit history?
• How do you maintain a credit history?
• What makes up your credit score?
• Refer to print out 1 and 2.
9

10. 10
What is a credit score?
350 450 550 650 750 850
Very
Poor
Poor Fair Good Excellent
Source: www.truecredit.com
Lowest Highest

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Credit Today: Scoring Systems
35%
15%
10%
30%
10%
FICO Scoring Factors
New Credit
Amounts
Owed
Types of Credit Used Length of Credit
History
Payment
History

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Credit Score APR Monthly
Payment
Total Interest
Paid
720-850 5.771% $1,462 $276,417
700-719 5.894% $1,482 $283,477
675-699 6.425% $1,568 $314,429
620-674 7.561% $1,758 $383,057
560-619 7.969% $1,829 $408,444
500-599 7.893% $1,816 $403,687
Example: $250,000 mortgage loan for 30 years
How does my credit score affect me?

13. Financial Records
• Do you keep financial records?
• What type of financial records do you keep?
• What is the importance of financial records?
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14. Licenses
• Do you have all required licenses in place?
• Remember to always keep Licenses updated!
14

15. Know your Lenders
• Do you Know your Lenders?
• Do you know what the financial sector is looking for from an
applicant?
• At some point in your business history you may need capital
to ensure growth. Thus it is good to be prepared!
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16. Business Plan
• Do you have a business plan?
• How do you utilize your business plan?
• A business plan should help guide your business path and
project your growth?
• Have you completed a break-even analysis?
– How much do you need to sell to cover expenses and
show a profit?
16

17. Pieces to a Loan Application
• Application
• Financials
• Supporting Documents
• 5 C’s of Credit
17

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Investing in individuals.
Improving our world.
Accion
80 Maiden Lane
New York, NY 10038
Ph# 617-616-1519
Email: dgolopenta@accioneast.org