Financing Your Business by Chisa D. Pennix-Brown, MBA of Lady Bizness

2. WELCOME & AGENDA
 Please turn Phones to Silent or Vibrate
 Facilitator & Introductions
 Follow the Facebook page
FB.com/LadyBiznessInc
 Complete Evaluations

3. FUNDING
1. Types of Funding
2. General Requirements
3. Sources of Funding
SECURED VS UNSECURED
1. Secured means you have to put up some
funds or collateral to get the loan
2. Unsecured means you get a line of credit
without having to put up any money

4. LOANS
PERSONAL
 Funds loaned to the
business typically
repaid in equal monthly
payments
 Credit Card
 Life Insurance
 Second Mortgage
 Friends & Relatives
BUSINESS
 Term Loans
Installment with equal
payments
 Lines of Credit
 Short-term & Seasonal
 Government Assisted
 SBA
 State & Local Agencies
 Crowd Funding

5. CHOOSING A BANKER
 Size of the Bank
 Familiarity with your “type” of
business
 How they react to your
problems
 Are they helpful
 Is there good chemistry?
 ASK QUESTIONS
View the TOP 100
https://www.sba.gov/lenders-top-100
The table displays the 100 most
active SBA 7(a) lenders in the USA
by lending volume.
WHAT IS IMPORTANT TO YOU
ABOUT YOUR BUSINESS BANK?

6. SWOT ANALYSIS
Strengths Weaknesses
Opportunities Threats
 List Goals
 Determine Needs
 Always Seek New
Opportunities
 Follow-up Monthly
 Review Goals Monthly
 Evaluate Every 90 Days
ACTION ITEMS
 Credit Report
 Paying Down Personal Debt
 Fundraising Goal
 Obtain Equipment
 Training
 Online Sales
 Competitive Analysis

7. LENDER CONSIDERATIONS
 Capital (Typically 30% of your own money)
 Collateral (Fair Market Value of Guaranteed
Goods
 CD’s, Real Estate, Stock, Vehicles,
Equipment
 Accounts Receivable, Inventory
 Capacity to Repay (View Profits & Cash Flow)
 Conditions (Economic, Demographic &
Regulatory)
 Character(personal Track record & managers)

8.  Patriot Express Loan Max $500K
 SBA Express Loan Max $350K
 Community Express Loan Max $250K
Turnaround time for approval is 36 hours.
You still need to work w a commercial bank & the SBA for these
programs. THE SBA GUARANTEES THE LOAN.
SBA LOANS
https://www.youtube.com/watch?v=TPNnRVgLSBs
SBA LINC
SBA.GOV/LINC

9. ONLINE FUNDING OPTIONS
 KIVA.ORG
 US.ACCION.ORG
 TILTFORWARD.COM
 ONDECK.COM
 KABBAGE.COM
 FUNDINGCIRCLE.COM
 FUNDATION
 SWIFTCAPITAL
 LENDINGCLUB.COM
 FUNDBOX.COM
 LENDIDO.COM
 FUNDERA.COM
 BOEFLY.COM

10. LOCAL RESOURCES
Help w SBA Low Doc & 7(a) loans & Small Business Loans. Qualifying people
for loans: Management, Cash Flow, Collateral, Equity, Credit History.
Piedmont Business Capital
1451 S. Elm Eugene Street
Greensboro, NC 27406
Tel: (336) 256-9350
Self Help Credit Union
3400 Battleground Avenue
Greensboro, NC 27410
Tel: (336) 545-9916
Women’s Business Center
114 W Parrish St, Durham, NC 27701
Tel: (919) 956-8889
Women’s Business Center
230 Hay St, Fayetteville, NC 28301
Tel: (866) 323-3377
Mountain Biz Works
153 S Lexington Ave, Asheville, NC
28801
Tel: (828) 253-2834
Women’s Business Center of NC
5800 Faringdon Pl, Raleigh, NC 27609
Tel: (919) 956-8889
Carolina Small Business
Development Fund
3128 Highwoods Blvd.
Raleigh, NC 27604
(919) 803-1437

11. GIVE IT TO THE PEOPLE!
Find Tips, Tools, and Business
Information Daily at
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Leave a Recommendation at
LinkedIn.com/in/LadyBizness.
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upcoming events at
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