Are you planning to apply for a business loan? In this workshop, we will provide you with valuable insights and information on the essential steps you need to take before applying for a business loan.
Here is what you can expect to learn:
- Bring all documentation of profit and loss statements: We will guide you on how to prepare and organize your financial statements, including profit and loss statements, balance sheets, and cash flow statements.
- Equipment and tax information: If you purchased any equipment or paid any taxes on those or other items, bring information. We will discuss how to present this information to the lender.
- SBA loan requirements: If you are interested in an SBA loan, we will help you understand the requirements and provide guidance on how to apply. You will also learn how to present your reasons for needing the loan and how you would pay it back.
- QA session: In addition to the above topics, we will provide ample time for a QA session. You can list all other questions separately for discussion.
Our workshop is designed to equip you with the knowledge and tools necessary to prepare a strong loan application. Join us and increase your chances of securing the loan you need to grow your business.
Presented by: Brian Brakke & Dennis Welch of Frandsen Bank & Trust
Brian Brakke, Market President of Frandsen Bank & Trust
Brian has over 30 years of Business Banking experience primarily working within the community-bank arena. Brian’s passion is assisting small to medium sized businesses and the business owners with their entire financial needs, including Deposit, Cash Management, and Loans. Brian takes a consultative approach to assisting owners when determining loan types and loan structure to assist with working capital financing, equipment financing, and real estate financing throughout the entire life cycle of the business.
Brian has an undergraduate degree in Finance from Augsburg University and a graduate degree in Entrepreneurship from the University of St Thomas. Brian has two daughters and lives in Eagan. Brian has served on numerous non-profit Boards, and is currently involved with Ordway Center for Performing Arts, Mt Calvary Lutheran Church and Burnsville Rotary Club.
Dennis Welch, Frandsen Bank & Trust
Dennis has over 28 years of SBA/Commercial Banking experience and is the SBA Division Manager for $3 billion community bank with 39 branches throughout Minnesota, Wisconsin and North Dakota. His experience has always been working in the community banking environment helping small to medium size business solve their financial needs. This includes financing for buildings, equipment, debt refinancing, working capital and business acquisitions. He has completed well over 1100 financings during his banking career.
Dennis has lived in St. Paul for the last 27 years, has three daughters and is a veteran of the 82nd Airborne Division. In 2018, Dennis was named Veteran Small Business Champion of the Year by the Small Business Administration and in 2023 Frandsen Bank was named SBA Bank of the Year for large banks.
