This conversation covers various topics related to access to capital, business loans and financing. It begins with a discussion on business credit scores and their importance in SBA loan applications. The conversation then delves into the significance of personal credit scores and how they impact business loans. The risks of overconfidence in business ventures and the importance of location in business success are also explored. The conversation further explores managing financial challenges in established businesses and the importance of diversifying clients and revenue streams. The differences between SBA loans and conventional loans are discussed, along with the documentation and requirements for loan applications.
Host
Hosted by the Farmingdale SBDC’s Business Breakthrough | New York Podcast. The Farmingdale SBDC is part of the New York Small Business Development Center (SBDC) network of 20 campus-based centers and outreach offices located across New York State.
Funded in part through a Cooperative Agreement with the US Small Business Administration. Training collaboration does not constitute an expressed or implied endorsement by the NYSBDC and SBA of the presenter(s), their organization(s), and/or their products and services.
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