Introduction to Accounting and Commercial Borrowing for Small Business Owners
This is a combination of two sessions addressing key financial areas for small business owners. Introduction to Accounting for Small Business Owners This is designed to teach the terminology used in accounting, understanding basic financial statements and how they are used. * Learn the basic terms used in accounting * Learn how to communicate with your accountant or bookkeeper * Learn about the basic financial statements and how they are used * Learn how lenders use these financial statements in considering a loan Introduction to Commercial Borrowing * How is business borrowing different than personal borrowing? * What do lenders look at when considering a loan? (The five C's of credit) * What's the deal with Personal Guarantees?
Speaker(s): Dennis Corley, Business Development and Community Relationships Manager, Three Roots Capital
Co-Sponsor(s): Tennessee Small Business Development Center at Cleveland State Community College
Following registration, you will be provided with the Zoom link to this session. Registration will close the day prior to the session so that attendees have time to receive session materials to use during the presentation.
Fee: No Cost