SCORE Understanding Business Loan Proposals

Do you have a great idea for a business and the only thing standing in your way is the money to give it some legs? Or, you already own your own business but could use some extra capital to take things to the next level? You have come to the right place! In this presentation, you will learn the ins and outs of business loan proposals. The following topics will be covered: “5 C’s of Credit”: Character, Capacity, Capital, Collateral, and Conditions. In addition, How to obtain a loan for a start-up How to obtain a loan for an existing business How to obtain a loan to buy a business Our Presenter is Mike Mickler Mike Mickler is a native of Jacksonville and 10th generation in his family (think Mickler’s Landing). He moved to Nassau County in 1990 where he raised 3 kids (now in their 30s). Mike has been in banking for over 35 years and currently helps business owners with SBA loans to start, grow, or buy their business. Mike & his wife Karen enjoy fishing, traveling, history and creating driftwood & shark teeth art. Together with his Team, Mike helped Pineland Bank earn the #1 spot for SBA Loans here in NE Florida for ‘21 and again in ‘22, according to the Jacksonville Business Journal. Mike is a Board Member for the Nassau County Chamber of Commerce and a regular SCORE educator.