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Open to Business Loan We Provide Assistance in We Help You Answer the <br />Program the following Areas: Following Questions: <br />Direct loans range up to $25,000 for <br />startups, larger loans/packages are available <br />for established businesses. <br />Loan repayment terms on direct loans of up <br />to $25,000 generally range from three to five <br />years. <br />"I just want to thank MCCD. Without <br />their help in obtaining financing we <br />wouldn't have been able to purchase <br />our building and expand our business <br />to the level it is at today." <br />Mark Aune <br />A&A Millwork <br />"Without MCCD's help our business <br />would not have been possible. More <br />than an organization that provided <br />loans, MCCD is a financial partner in our <br />business." <br />Noelia Garcia <br />La Loma Tamales, LLC <br />Financial management <br />What are cashflow projections and why are <br />they important? <br />Bookkeeping set-up and training <br />How do I keep track of sales and expenses? <br />Loan packaging <br />For any size loan, start up or expansion <br />projects. <br />What are the document requirements I need <br />to get a loan? <br />Business plan assistance <br />Do I need a business plan? If so, what do I <br />include in it? <br />Real estate analysis <br />Should I rent or own my business space? <br />Marketing assistance <br />Who are my customers and how do I reach <br />them? <br />Strategic planning <br />How do I evaluate and manage growth? <br />Business regulations <br />What licenses or permits do I need? <br />How do I get them? <br />Professional referrals <br />Where do I find an accountant? Attorney? <br />How much do 1 need to borrow? <br />Would a term loan or a line of credit work <br />best for me? <br />How can I finance this business with very <br />little equity and poor credit? <br />Why does keeping good financial records <br />help ensure my success? <br />What other funding sources are available to <br />me? <br />What if my start up expenses are more than <br />I projected? <br />Open to Business provides one on one <br />business counseling to current and <br />prospective entrepreneurs. Our consultants <br />work with you to develop a strong business <br />plan, identify challenges and opportunities, <br />and to tailor solutions. In addition to direct <br />consulting, Open to Business program staff <br />can link entrepreneurs with additional <br />resources to help them succeed, including <br />training programs, community or <br />governmental services, and industry and <br />business professionals. <br />We'll work with you to determine all of your <br />capital needs, and we can help you identify <br />and apply for financing that meets those <br />needs. <br />