The Mobile Chamber will host a workshop on business financing next week, aimed at helping local entrepreneurs understand how to secure loans and other capital for growth.
“Funding Growth: Accessing Capital with Confidence” is set for Aug. 5 from 8:30 to 10 a.m. at the chamber’s headquarters, 451 Government Street in Mobile.
The session will cover how lenders evaluate loan applications, the financial documents most lenders require, and the range of loan options, terms and collateral arrangements business owners may encounter. It will also address the “three C’s of credit,” common underwriting mistakes business owners should avoid, and available Small Business Administration financing resources.
Government contracting opportunities are also on the agenda, giving attendees a look at another potential avenue for business growth.
The workshop’s speaker, Roderick D. Perkins, serves as lead of lender relations and economic development, and as Veterans Affairs officer, for the U.S. Small Business Administration’s Alabama District Office.
Registration costs $15 for Mobile Chamber members and $20 for nonmembers. The workshop is geared toward small business owners and entrepreneurs looking to better understand the lending landscape as they plan for expansion.