Week One of this bootcamp will focus on Financial Foundations: What Lenders Look at and How to Prepare
In this 5-week bootcamp, Colorado business owners will receive technical assistance to complete their application for state funding programs. Drop-in for a single session that you specifically need help on, or attend all 5-weeks and receive a “Capital Ready” certification along with all the tools needed to complete your application. Additional office hours available for 1-1 support.
Week 1: What Lenders Look at and How to Prepare
Learning outcomes:
Calculate a basic debt-service-coverage ratio from your own financials
Identify gaps in financial statement before approaching a lender
Understanding how credit score affects program access and what to do about it
SCAPE and the Southwest Colorado Small Business Development Center will be hosting a Durango watch party.
About our facilitator:
Jamie Finney: Jamie works on capital access for Rural Colorado – building tools for the ecosystem at Startup Colorado and investing via Howdy Partners. Since 2018, Howdy Partners has raised $45M, vetted hundreds of companies, and invested in over 50 high-growth rural Colorado startups. Durango is home.