What Lenders Look for in Creating Business/MCE Funding

All of our classes are free and everyone is welcome! Bring your lunch.

Date: Wednesday,  April 24th, 2024 – Noon – 1pm

Location: Community Foundation of the Eastern Shore, 1324 Belmont Avenue, Suite 401, Salisbury, MD 21804

Speaker: Lydia Faleye, Banking Officer, Financial Wellness Leader/Truist

This session will focus on the critical factors lenders consider when evaluating business loans, focusing on the 5 “C’s” of credit. We’ll guide you through the borrowing process, providing insights on how to craft an effective business borrowing profile. Additionally, we’ll discuss the next steps to take after receiving a financing decision. This class is ideal for entrepreneurs seeking to understand the lending landscape and prepare for successful business financing.

Topics:

• The 5 “C’s” of credit
• The borrowing process
• What you need to create your business borrowing profile
• Next steps after a financing decision