SBDC Template

Funding Request Program

NEED FUNDING?

It's our job to help you prepare for financing. By facilitating the process of finding a loan for your business, the Funding Request Program (FRP) does just that. Developed through our relationships with lenders by business consultant Dale Clack with The RION Group, the FRP process saves time for all parties. Lenders get important decision-making information quickly on one page and you save time in searching for funding sources. 

 

$9,569,750

Loans Awarded


70%

 Businesses successfully funded

 

Eligibility

To be eligible for the Funding Request Preview 

  • Must have completed cash flow projections
  • Must have a profit and loss statement
  • Must have a balance sheet
  • Must have a layout of the usage of funds
  • Must have basic Excel skills

What to Bring

  • Must have completed cash flow projections
  • Business Plan
  • Last fiscal year P&L and Balance Sheet if existing business
  • Source and Use of Funds detail for start-up or expansion phase
  • Monthly cash flow projection for the next 12 months
  • Personal financial statements for each owner of 20% or more of the business

Commitment

There is no monetary cost associated with the program. During an initial meeting with an SBDC financial consultant, we will assess your business financial condition by reviewing up to three years of financial statements and federal income tax returns and benchmarking with your industry. If you're a start-up, we will assess your readiness, financial literacy, dedication to the FRP process, ability to borrow and economic feasibility of your business. Finally, you will consolidate your business and personal financial documents into a one-page form provided by our team. The form will be sent to our lending partners anonymously on your behalf and you'll receive feedback within several days.


  

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Loan Partners
 

                                 

 

                                     

         

                                                            

    

     

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