At the conclusion of this activity the learner should be able to:
- Recognize the various financing options that might fit their specific needs.
- Describe all of the different uses for a small business loan
- List the types of terms and conditions that would likely accompany a small business loan for their project.
- Identify what specific documents are required to be submitted to apply for a small business loan.
- Detect what conditions might cause a financing request to be denied.
1 Hour Audio with synced Power Point
Recorded on September 29, 2016 at the Fall Urgent Care Conference.
Financing is one of the most challenging, and sometimes intimidating, aspects of starting any business. Starting an urgent care clinic is no exception. What types of loans are available? What information will the bank need from me? What will my monthly payment be? What might cause my loan application to be denied? These are just a few questions that are asked on a regular basis. During this session, one of the nation's leading small business lenders will guide you through the start up financing process and help prepare you for what’s to come.
Tom Ethen is Vice President of Small Business Lending at Stearns Bank, NA, based in St. Cloud, MN. Stearns Bank, NA is a $1.9 billion, independently owned bank that specializes in providing Small Business Loans and Equipment Financing to businesses nationwide. Stearns Bank, NA is one of the nation’s top Preferred SBA Lenders with an emphasis in the medical and healthcare industries and a reputation for providing customized loan products with a speed and efficiency that is not otherwise found in the marketplace. Starting out in banking in 1991, Tom has been with Stearns Bank for the last 20 years, providing loans to small businesses for startups, acquisitions, and business expansions. As an experienced loan officer, Tom works closely with small business owners to guide them through each step of the financing process and to answer all of their questions along the way. With a common sense approach, Steans Bank is committed to helping grow the urgent care industry across the nation. Stearns Bank, NA is one of the only institutions to focus specifically on the urgent care segment and to develop financial solutions specific to this audience.
Credit Information:
Urgent Care Management Certificate Credit
Earn 1 UCMC credit in Accounting & Finance by listening to this recorded session and passing the quiz at the end.
Submitting for Credit:
If you would like to submit for either of the credit above, once you complete the activity you must submit for credit you will need to complete the 5 question exam. You must answer 3 out of 5 correctly to receive credit. Email education@ucaoa.org with questions.