![]() ![]() ![]() ![]() One of the most valuable aspects of this service is the SBDC will shop your loan to our network partners to help you obtain the best terms and rates. Preparation of the client’s business financial statements, loan narratives, and other necessities required by lenders for a loan package are completed with the aid of the SBDC. The SBDC also helps the client in determining an action plan and timeline for obtaining capital. The SBDC collects lender requirements for clients seeking business loans. Depending on the industry, the SBDC can recommend development of either/or short or mid-term projections.įunding Assessment and Loan Packaging Assistance: The SBDC helps determine the feasibility of accessing various types of private or public financing for the client’s business by analyzing the client’s business financial statements and credit history against lender requirements. A financial analysis to validate the feasibility of the franchise purchase is also completed.įinancial Projections: The SBDC will help you forecast future revenue and expenses to help you pitch to potential investors, for inclusion in your business plan or for other funding opportunities. Upon completion of the research, the SBDC will help analyze the data to determine and validate the startup business assumptions.įranchising Opportunities: The SBDC develops a feasibility analysis with the client for a proposed franchise purchase. Resources, both free and fee-based, are recommended that will define the suggested demographic information. The SBDC further uses information research to conduct a business validation of the startup concept through target customer feedback.ĭemographic Analysis: The SBDC outlines the demographic data needed to validate the client’s startup business. Permits and Licenses: The SBDC defines the permit project scope, identifies the required permits for the project, and provides contact information for the correct agency.įictitious Business Name: The SBDC defines the regulations regarding the business name intended and assists clients in the business name filing process.īusiness Concept and Validation: The SBDC performs a feasibility analysis with the client of the proposed startup business, including market identification, market entry, breakeven budget, and market pricing data. The SBDC guides clients through the steps necessary to validate the business idea through potential customer feedback or test sales. Business Concept and Validation: The SBDC works with clients to perform a feasibility analysis of the proposed stratup business, including market identification, market entry, breakeven budget, and market pricing data. ![]()
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