1 / 11

“Controlling How the Cookie Crumbles”

alt consulting is a 501c3 nonprofit corporation serving small businesses in Memphis since 1998. We offer intensive management consulting, capacity building, and problem-solving services. Through our alt Capital program, we act as an intermediary for various loan programs, including USDA Intermediary Relending Program, SBA Microloan Program, and USDA Rural MicroEntrepreneur Assistance Program. Our loan applicants must receive our consulting services, and loan recipients receive ongoing management support. Loan amounts range from $500 to $50,000, with terms of 3-7 years and interest rates of 8.25% - 13%.

dmonk
Download Presentation

“Controlling How the Cookie Crumbles”

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. “Controlling How the Cookie Crumbles”

  2. About alt.consulting • 501c3 nonprofit corporation • Serving small businesses in Memphis since 1998 • Intensive one-on-one management consulting, capacity building and problem solving • Launch lending program in 2010 • Four offices • 13 Employees

  3. alt.Capital • Since 2010 alt.Consulting is an Intermediary for: • USDA Intermediary Relending Program • SBA Microloan Program • USDA Rural MicroEntrepreneur Assistance Program • Our loan applicants are required to receive our management consulting services, minimizes our risk • Our loan recipients receive on-going management support to help ensure profitability

  4. alt.Capital • Loan amounts: $500 - $50,000 • Loan terms: 3 – 7 years • Interest rates: 8.25% - 13% • Review credit history, not just credit score • Cannot be used to consolidate debt • Existing businesses and startups eligible • Credit guidelines: • Cannot be in default on federal loan, student loan, or disaster loan • Cannot be behind on taxes or child support • Must provide personal guarantee • Requires collateral

  5. Management Consulting Services • Loan packaging • Set up internal financial management systems • Business turnaround strategy to save businesses in crisis • Feasibility studies for new projects and new businesses • Strategic planning • Marketing planning • Business plan development • Cash flow management • Cost analysis • Pricing analysis • Competitive analysis

  6. Tips for Getting the Dough You Need • Review your credit report. • Consider visiting a credit counseling agency. • Develop budget, action plan to improve your credit • Get input/feedback from experts on your business plan and the amount of funding you need. • Think through your business concept: services, staffing, operations, capital needs • Be sure the financial projections are feasible • Make visits with banks and non-traditional lenders. Ask questions about their criteria. Don’t fill out loan • applications unless you feel you meet the criteria.

  7. Tips for Getting the Dough You Need • Criteria important to most non-traditional lenders: • Business plan, reasonable projections • Most businesses don’t start with a profit each month • Minimum credit score of at least 640 • Non traditional lenders will look at credit history, not just the score • Collateral value of 60-75% of loan amount • Ex. If requesting loan amount of $20,000, then you will need to put up collateral valued at least $12,000 - $15,000 of liquidation value

  8. Tips for Getting the Dough You Need • Equity investment may be required, depending • on collateral • Prove there is a market for your products/services • Track any part-time income information • alt.Consulting’s Contact Information: • Cynthia Norwood 516 Tennessee Street, Ste. 233/234 Memphis, TN 38103 Tel: 901.312.9799

More Related