Personal Finances & Business Funding: What You Need to Know (MSBB)

"Personal Finances & Business Funding: What You Need to Know"

Securing funding for your business often starts with a solid understanding of your personal financial position. Whether you’re seeking a small business loan, pitching to investors, or exploring alternative funding options, your personal financial health plays a critical role in determining your eligibility and credibility.

In this session, we’ll guide you through the essential steps to assess, organize, and optimize your personal financial information to strengthen your business funding prospects. You’ll learn how to create a comprehensive personal financial statement that highlights your assets, liabilities, and net worth—key factors that lenders and investors evaluate. We’ll also explore actionable strategies to improve your financial standing, enabling you to present a stronger case when pursuing funding.

By the end of this session, you’ll have the knowledge and tools to confidently prepare for business funding opportunities, enhancing your chances of securing the capital you need to grow and succeed.

Learning Objectives:

1. Assess and Organize Personal Financial Information: Develop the skills to effectively gather, evaluate, and organize personal financial data, ensuring a clear picture of your financial health when preparing for business funding.
2. Understand the Key Components of a Personal Financial Statement: Gain a comprehensive understanding of personal financial statements, including assets, liabilities, net worth, and cash flow, and how these components impact funding decisions.
3. Implement Strategies to Strengthen Financial Standing: Discover practical strategies to improve your credit profile, reduce debt, and enhance overall financial stability, increasing your chances of securing loans, attracting investors, and accessing other funding opportunities.

Please only register if you are available and plan to attend virtually, so the provided funding can assist as many small business owners as possible. Mainstreet Bounceback registrants who are no-shows will not receive any digital handouts/resources.

Fee: $50.00 WEDC will cover registration cost of the class for Main Street Bounceback grant recipients who register for and attend the complete course.