Preparing for a successful Commercial Loan

1. What does a Bank typically ask for when collecting financials
2. 5 Cs of credit
3. Borrower’s ability to repay the loan
4. Capital
5. Capacity
6. How long does it take to approve a loan
7. Collateral
8. When is a good time to use SBA with lack of collateral
9. Personal guarantees
10. Non-profit organizations who can help with soft loans/grants
     

A Minnesota Residential and Commercial Real Estate Agent active for over 15 years. Past director of membership at the National Hispanic Real Estate Professionals Twin Cities Chapter (NAHREPTC).

Luis has over 18 years of experience in International Business: contracts, negotiations, development of subsidiaries; exports/imports. Some of his past credentials are:

• Presented courses on "Importing into the United States" to University of Minnesota
• Professor at "Anahuac University of Mexico" teaching international Trade and Commerce, as well as corporate development and promotion, last 2 semesters of bachelor's degree.
• Translated a "World of Opportunity" to the MN Trade Office from English to Spanish.  
• First Treasurer of the University of Minnesota MBA Finance Association.
• Past Treasurer of National Association of Hispanic Real Estate Professionals (NAHREP) Twin Cities Chapter.
• Professor at Latin Economic Development Center (LEDC) in Commercial Real Estate.

Guest Expert:

           

Natalie Schultz is a business relationship manager at Associated Bank with over a decade of banking experience. Natalie partners with mid-sizes companies prioritizing a relationship-first approach. Natalie focuses on community education by recently becoming a SCORE mentor in Burnsville.