TIGER Talk: Cracking the Small Business Loans Code

Typically, it’s better if the money you need to run your business can be generated from operating cash flow. But, unfortunately, that’s not always possible. When you need business financing do you know which type will best position you to succeed? Jerome Jones of the Ohio Small Business Development Center will help entrepreneurs and those considering launching a business get some answers to this key question. As part of that process, Jerome will also help you find answers to the following questions: 1. How to forecast if you’ll be able to qualify for a loan? 2. What do you do if you are deemed non-bankable? 3. How to determine how much do you really need? 4. Do banks prefer certain business types? 5. Should you consider crowdfunding or social lending sources? There are many financing methods available to fund your business. The key is to find the right fit for your business type, stage and need. Jerome W. Jones is a Business Consultant with The Small Business Development Center at Columbus State Community College and Managing Member of The Danash Group, LLC. Prior to working with the Danash Group, he served as VP of Lending with the Economic and Community Development Institute. He has held other small business development positions including the Vice President of Business Services at Telhio Credit Union where he was responsible for the business loan department, Vice President of Community Development Lending for Key Bank, and a senior loan officer for Community Capital Development Corp. Jerome is also very active in the central Ohio community, having served on the United Way of Central Ohio Finance Committee and the City of Columbus Loan Review Committee, as well as serving as a board member of the Columbus Urban League. Jones is a Certified Economic Development Finance Professional and attended Jackson State University and Franklin University. He resides in Columbus, Ohio with his wife, Elnetta and two children.