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Follow on Google News | Dallas Deal Day Event Holds Hope for Small Business FundingThe worst time to seek a loan is when you really need one. Deal Day is the most effective way to prevent bad timing by providing small business owners the opportunity to discuss and plan their finances one-on-one with financial funding experts.
By: Patricia Moore The event, Deal Day, invites over 20 lenders and alternative funding experts such as online investors and micro-lenders to have one-on-one face time with small business owners. For the past three recessionary years, Deal Day alone has managed to facilitate approximately $3 million worth of funding. Not bad in a credit-tight economy. So what qualifies a business to be ready? In short, it is stability and the ability to pay the funding back on schedule. Other factors include supporting the loan with collateral in case of default. Of course credit is important but a high credit score may not be the leading qualifier for some banks. Finally, having 1) solid knowledge and experience in the business and 2) a passion for the business, are both very important. Your business plan alone might not indicate this. What makes Deal Day so uniquely special and valuable is the opportunity to make a human connection and establish a relationship with a potential funder based on your drive and intellect. Such relationships combined with the above qualifications have assisted many small businesses, even startups. There’ Begin to establish a banking relationship or two by registering online at http://www.ntsbdc.org or call (214) 860-5865. # # # The SBDC is currently the largest management assistance program serving the business ector in the US. End
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