Zions Bank Business Resource Center - Business Success Academy Workshops
Date and Time
Tuesday Feb 15, 2022
9:00 AM - 9:30 AM MST
Tuesday, February 15, 2022
Location
Webinar Details:
Fees/Admission
Description
How to Prepare Your Business and Your Financials to Get a Loan
Conversation with Zions Bank
Community Banking Relationship Manager Jon-Michael Patton
Please join us via Microsoft Teams invite supplied at time of registration.
Understanding the qualifications for and seeking a small business loan can be an intimidating proposition if you’ve never done it before and don’t know how to navigate the process. Before you approach a financial institution with your request it’s advisable to do a bit of homework and some preparation, but where do you start?
In this complimentary 30-minute, virtual discussion using Teams technology, you will learn about:
- Income Statement- Cash flow available to service debt
- Balance sheet- Liquidity and Leverage
- Personal Financial Statement- Outside personal net worth
- Projections- What qualifies and when to use them
- Market Considerations and SBA Financing
Jon-Michael Patton, VP and Community Banker III at Zions Bank, has spent the past 10 years in banking with a focus on small business and SBA Lending. He currently manages a loan portfolio comprised of small businesses with less than $10 Million in gross annual revenue and is considered to be one of the top Zions Bank commercial lenders in the state.
Over his career he has counseled hundreds of companies on business plans, projections, business acquisitions, and facilitated various loans from working capital to real estate purchases. Jon is also the founder of JP Financial Services LLC, a consulting firm that focuses on the skills development of small business owners in Utah and Idaho. He volunteered over 300 hours in 2021 to the Heber City Corporation and has previously worked with various rotary clubs. He graduated with both a BS in Business Management and an MBA from WGU.
