Minority Business - Minority Owned Business » funding http://www.minoritycert.com Great FREE resources for minority owned businesses Thu, 09 Feb 2012 06:31:24 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Prepare to Apply for a Business Loan http://www.minoritycert.com/minority-business/prepare-to-apply-for-a-business-loan http://www.minoritycert.com/minority-business/prepare-to-apply-for-a-business-loan#comments Wed, 26 Jan 2011 17:52:12 +0000 admin http://www.minoritycert.com/minority-business/prepare-to-apply-for-a-business-loan Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 9 How to Finance Your Business

Question:
“What is the worst mistake people make when making a loan request?”

Rod Banks
Executive Vice President, City National Bank

Topics covered in this video:
Business loans, financing, mistakes, preparation, using a business plan

There are a lot of mistakes that first time entrepreneurs can make when making a loan request. The first one is not having that business plan: one of the most important tools a start up entrepreneur can have. It will describe your business and tell the banker what your vision is for your company and where you want to ultimately take your company.

Not being able to articulate that vision is another mistake that people have. Someone might say that they want to be in the automotive business but they don’t do a good job of explaining exactly what specialty they actually want to be in.

Also I would say having unrealistic financing expectations. A lot of people come in and expect the moon. You’ve got to realize you don’t have that track record yet to present to a banker. So you’ve got to be realistic.

Lastly, you’ve got to be professional in how you approach the banker. You really do need to be prepared; you need to think it through and perhaps present your business plan to some friends to let them ask questions about it. So, the more professional you become, the better off you’re going to be in that loan application phase.

Duration : 0:1:47


Technorati Tags: , , , , , , , , , , , , , , ,

]]> http://www.minoritycert.com/minority-business/prepare-to-apply-for-a-business-loan/feed 1 Financing a New Business : How to Apply for Grants for Women Starting a Business http://www.minoritycert.com/minority-certification/financing-a-new-business-how-to-apply-for-grants-for-women-starting-a-business http://www.minoritycert.com/minority-certification/financing-a-new-business-how-to-apply-for-grants-for-women-starting-a-business#comments Wed, 29 Sep 2010 13:36:01 +0000 admin http://www.minoritycert.com/minority-certification/financing-a-new-business-how-to-apply-for-grants-for-women-starting-a-business Before a women applies for grants when starting a business, be sure to check state or local certification requirements and be aware that women-owned businesses might be eligible for a disabled business enterprise. Understand the certification process women may have to go through to start a new business with tips from a certified public accountant in this free video on new business financing.

Expert: Amber Hill
Bio: Amber Hill is a certified public accountant and a partner in several small businesses that she started from the ground up.
Filmmaker: Carlye Jones

Duration : 0:1:41


Technorati Tags: , , , , ,

]]> http://www.minoritycert.com/minority-certification/financing-a-new-business-how-to-apply-for-grants-for-women-starting-a-business/feed 5 How to Finance a Business : How to Apply for a Minority Loan http://www.minoritycert.com/minority-business/how-to-finance-a-business-how-to-apply-for-a-minority-loan http://www.minoritycert.com/minority-business/how-to-finance-a-business-how-to-apply-for-a-minority-loan#comments Wed, 24 Mar 2010 16:11:05 +0000 admin http://www.minoritycert.com/minority-business/how-to-finance-a-business-how-to-apply-for-a-minority-loan In order to apply for a minority loan, research the Internet for programs geared toward minority businesses. Find out how to get a minority loan with the tips in this free entrepreneur advice video from a professional business consultant.

Expert: Emily Gasner
Contact: www.tmcworkingsolutions.org
Bio: Emily Gasner is the program director for Working Solutions in San Francisco. Working Solutions is a 501(c)(3) nonprofit organization that provides business advice to under-served micro-entrepreneurs.
Filmmaker: Sam Lee

Duration : 0:1:31


Technorati Tags: , , , , , , , ,

]]> http://www.minoritycert.com/minority-business/how-to-finance-a-business-how-to-apply-for-a-minority-loan/feed 1 Financing a New Business : Apply for a Minority Loan http://www.minoritycert.com/minority-business/financing-a-new-business-apply-for-a-minority-loan http://www.minoritycert.com/minority-business/financing-a-new-business-apply-for-a-minority-loan#comments Sat, 20 Mar 2010 15:25:09 +0000 admin http://www.minoritycert.com/minority-business/financing-a-new-business-apply-for-a-minority-loan Applying for a minority loan is not much different than applying for a regular loan, with the exception of distinct eligibility requirements that are separate from other people. Learn what paperwork requirements are necessary, like business projections and financial statements, when applying for a minority loan with tips from a certified public accountant in this free video on new business financing.

Expert: Amber Hill
Bio: Amber Hill is a certified public accountant and a partner in several small businesses that she started from the ground up.
Filmmaker: Carlye Jones

Duration : 0:1:31


Technorati Tags: , , , , ,

]]> http://www.minoritycert.com/minority-business/financing-a-new-business-apply-for-a-minority-loan/feed 0