FPL Webinar #1: Securing Capital, Bank Financing, and Achieving Venture-Capital Funding Success

Powering Florida’s Black-Owned Businesses Educational Programming is committed to delivering actionable training, tools, and insights to bolster the strength, development, and success of Black-owned enterprises and entrepreneurs. Our webinar will delve into the unique banking experiences faced by Black-owned businesses, offering practical strategies for accessing banking services, navigating required documentation, posing critical questions, cultivating bank relationships, and securing minority grants to augment business funding. 

Throughout the webinar, speakers will share their experiences and recommendations for success, engaging participants in discussions and a dynamic Q&A session. Join us as we empower Black-owned enterprises to thrive, innovate, and lead in today’s dynamic business landscape.

Key Topics to be Explored:

• Navigating Unique Banking Challenges: Delve into the distinctive banking obstacles encountered by Black-owned businesses in their pursuit of capital and bank financing.
• Selecting Trusted Banking Partners: Explore effective strategies for identifying and evaluating banking partners who provide invaluable advice, fostering confidence in financial security and business growth.
• Preparation for Business Loan Applications: Equip participants with essential knowledge to effectively prepare for loan applications. Topics include optimizing personal and business credit scores, understanding debt-to-income ratio (DTI) and debt-service coverage ratio (DSCR), and undertaking necessary financial readiness steps.
• Strategic Readiness for Loan Applications: Dive into crucial prerequisites prior to applying for loans. Discussion points include understanding specific business needs, familiarizing oneself with bank requirements, and formulating pertinent questions to ask bankers.
• Diverse Funding Avenues: Provide a comprehensive overview of funding options accessible to Black-owned businesses. These avenues encompass federal, state, and regional small-business grants, SBA business loans and lines of credit, minority business certifications, private equity firms, and various alternative pathways.
• Discovering Funding Sources: Engage in a detailed exploration of where to locate funding and financial opportunities. Discussion will include eligibility criteria for securing funding and provision of resources to remain updated with evolving funding options.

These sessions will equip attendees with the knowledge, tools, and insights needed to foster the success of Black-owned businesses by securing capital, accessing bank financing, and tapping into the potential of venture capital funding.