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SUMMARY:What Factors Help Position Your Business for Funding\, a 20Fathoms Breakfast Lab
DESCRIPTION:This Week at Breakfast Lab\nGetting capital for your business is about more than checking a box. In this session\, Chris Wendel of Venture North will walk through the traditional “5 Cs of Credit\,” the foundation most lenders start from\, and the other factors that actually move a lending decision one way or the other. \nYou’ll learn how to determine how much capital your business really needs\, how to plan your cash flow around that number\, and how to piece together a funding plan that draws on sources from inside and outside your business. Chris will also cover where that capital can come from right here in the Grand Traverse region\, plus a quick look at how Venture North and other CDFIs can help. \nWe’ll Cover: \n\nThe traditional “5 Cs of Credit.” They’re a good foundation\, but there are other factors that determine a lending decision.\nDetermining how much capital your business requires\nPlanning cash flow around those capital requirements (case study)\nSolving the capital puzzle: piecing together a funding plan from inside and outside sources\nWhere capital comes from: funding options in the Grand Traverse region\nA quick look at Venture North and CDFIs\nTime for Q&A\n\nAbout the Presenter\nChris Wendel is a Small Business Lender and Coach at Venture North\, a mission-driven Community Development Financial Institution (CDFI) serving Benzie\, Leelanau\, Grand Traverse\, and Manistee counties. \nBefore Venture North\, Chris worked as an advisor\, lender\, and relationship manager at Northern Initiatives\, a CDFI based in Marquette\, and served as a business consultant and regional director with the Michigan Small Business Development Center\, where he focused on startups and food-related businesses. He also brings his own entrepreneurial background\, having operated retail stores and published books. \nOriginally from western New York and a graduate of the University of Colorado\, Chris now lives in Traverse City. \n\n\n\n\n\n\n\n\n\n\n\n\n\nAbout Breakfast Lab\n\n\n\n\n\n\n\n\n\n\n\nBreakfast Lab is a weekly event at 20Fathoms where you’ll get expert guidance to help meet your most pressing startup needs. Connecting you to the right tools and the right people at the right time. \nThese events are held in person and offered virtually. There is no cost to attend. Coffee and a light breakfast are provided. Walk-ins are welcome. \nAnd if you’d like to stay and keep working\, coworking at 20Fathoms is free on Thursdays for Breakfast Lab attendees.
URL:https://20fathoms.org/event/what-factors-help-position-your-business-for-funding-a-20fathoms-breakfast-lab/
LOCATION:20Fathoms\, 10850 E. Traverse Hwy\, Ste. 4400\, Traverse City\, MI\, 49684\, United States
CATEGORIES:Breakfast Lab
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