The SBA is hosting 2 great seminars this week:

U.S. Small Business Administration, Small Business Funding seminar, 8:30 a.m., March 18. Associated Builders and Contractors, 430 W. Germantown Pike, East Norriton. Don Jefferson, 215-580-2726 or donald.jefferson@sba.gov.

U.S. Small Business Administration, How to do Business with the Government seminar, 8:30 a.m., March 19. Associated Builders and Contractors, 430 W. Germantown Pike, East Norriton. Don Jefferson, 215-580-2726 or donald.jefferson@sba.gov.h

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There are several small business workshops at The Greater Sacramento Small Business Development Center this week running Tuesday thru Thursday.   If you are new to running your own business, or want to hone your already expert skills in entrepreneuring, then take a look.

On Thursday, the SBA is giving a free workshop on business loans and SBA lenders:

9-11 a.m. – The U.S. Small Business Administration presents a free workshop, “Financing Options for Your Small Business,” at Stockton Boulevard Business Information Center, 4990 Stockton Blvd. To register, call (916) 875-3280

Make sure you don’t make these when applying for an SBA Loan. As a bonus, listen to 42 year SBA veteran Allen Herman elaborate on the 10 biggest mistakes.

1. Credit Score atleast 650 – 675
2. Incomplete personal financial information
3. Insufficient business financial and operating statements
4. Don’t obtain current personal and business credit reports
5. Business financial statements must be less than 60 days old and for three years
6. Personal and business Federal Income Tax returns must be current for the following: Income tax returns must be for the last three years
7. Incomplete explanation of business history and growth of business. Make sure it is complete. Include growth history and pattern of business.
8. Provide personal résumés of all principals of business, not just the primary.
9. Most wait until all paperwork is complete, best to meet at an early date with lender and discuss business proposal. This saves unnecessary paperwork and time.
10. Make sure this is discussed upfront: will the borrower have 20-30% of down payment at proposed purchase price. Discuss where the proposed funds will be derived from. Not getting this in the beginning, causes time and energy spent for a negative result.

Top 10 Mistakes made through the SBA Loan Process

If you are thinking about an SBA Loan in Arizona you can attend a free 2-hour SBA training class for new and existing small business owners seeking financial assistance. This class will help you learn how to apply, which lenders to seek and what pitfalls to avoid.

This class is held on the 1st Wednesday of every month. You can register online at your local SBA.gov website and click on the Online Registration link from the Spotlight section and choose SBA Loan Clinic . Another useful item is the calendar which gives you upcoming events and classes.