UW and Wyoming SBDC Network to Host Business Loan Workshop in Kemmerer March 28

Small-business owners will have the opportunity to learn how to get a first small-business loan request approved Thursday, March 28.

Rob Condie will lead a Wyoming Small Business Development Center (SBDC) Network workshop titled “The Inside Scoop: How to Get Your First Small Business Loan Request Approved” from 11:45 a.m.-1:15 p.m. in the Lincoln County Library, located at 519 Emerald St. in Kemmerer. To register, go here. Registration is free, and attendees are encouraged to bring a lunch.

The Wyoming SBDC Network offers business expertise to help Wyoming residents think about, launch, grow, reinvent or exit their business. The Wyoming SBDC Network is hosted by the University of Wyoming with state funds from the Wyoming Business Council and funded, in part, through a cooperative agreement with the U.S. Small Business Administration (SBA).

The workshop, co-sponsored by the U.S. SBA, will take small-business owners behind the scenes and share what it will take to get ready to approach a lender and how small-business owners can increase their chances of getting an approval for their loan requests.

The workshop will cover preparing a personal financial statement; checking your credit score; what your safety net looks like if it takes longer than you expect to achieve the revenues you’re projecting; and a hands-on case study to review cash flow projections for a loan application to better understand how to evaluate a potential deal from a lender’s perspective. 

Condie is the Wyoming SBDC Network regional director for Lincoln, Sublette, Sweetwater and Uinta counties and a former banking industry professional.

Workshop attendees also will have an opportunity to schedule a free one-on-one appointment with Condie to assist with developing cash flow projections for their businesses to help explain to their lenders where the money to repay their loans will come from -- in a format they will understand.

For more information, call Maureen Johnson, marketing, communication and database manager for the Wyoming SBDC Network, at (307) 343-0925 or email mjohn125@uwyo.edu.