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“Controlling How the Cookie Crumbles”

“Controlling How the Cookie Crumbles”. About alt.consulting. 501c3 nonprofit corporation Serving small businesses in Memphis since 1998 Intensive one-on-one management consulting, capacity building and problem solving Launch lending program in 2010 Four offices 13 Employees. a lt.Capital.

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“Controlling How the Cookie Crumbles”

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  1. “Controlling How the Cookie Crumbles”

  2. About alt.consulting • 501c3 nonprofit corporation • Serving small businesses in Memphis since 1998 • Intensive one-on-one management consulting, capacity building and problem solving • Launch lending program in 2010 • Four offices • 13 Employees

  3. alt.Capital • Since 2010 alt.Consulting is an Intermediary for: • USDA Intermediary Relending Program • SBA Microloan Program • USDA Rural MicroEntrepreneur Assistance Program • Our loan applicants are required to receive our management consulting services, minimizes our risk • Our loan recipients receive on-going management support to help ensure profitability

  4. alt.Capital • Loan amounts: $500 - $50,000 • Loan terms: 3 – 7 years • Interest rates: 8.25% - 13% • Review credit history, not just credit score • Cannot be used to consolidate debt • Existing businesses and startups eligible • Credit guidelines: • Cannot be in default on federal loan, student loan, or disaster loan • Cannot be behind on taxes or child support • Must provide personal guarantee • Requires collateral

  5. Management Consulting Services • Loan packaging • Set up internal financial management systems • Business turnaround strategy to save businesses in crisis • Feasibility studies for new projects and new businesses • Strategic planning • Marketing planning • Business plan development • Cash flow management • Cost analysis • Pricing analysis • Competitive analysis

  6. Tips for Getting the Dough You Need • Review your credit report. • Consider visiting a credit counseling agency. • Develop budget, action plan to improve your credit • Get input/feedback from experts on your business plan and the amount of funding you need. • Think through your business concept: services, staffing, operations, capital needs • Be sure the financial projections are feasible • Make visits with banks and non-traditional lenders. Ask questions about their criteria. Don’t fill out loan • applications unless you feel you meet the criteria.

  7. Tips for Getting the Dough You Need • Criteria important to most non-traditional lenders: • Business plan, reasonable projections • Most businesses don’t start with a profit each month • Minimum credit score of at least 640 • Non traditional lenders will look at credit history, not just the score • Collateral value of 60-75% of loan amount • Ex. If requesting loan amount of $20,000, then you will need to put up collateral valued at least $12,000 - $15,000 of liquidation value

  8. Tips for Getting the Dough You Need • Equity investment may be required, depending • on collateral • Prove there is a market for your products/services • Track any part-time income information • alt.Consulting’s Contact Information: • Cynthia Norwood 516 Tennessee Street, Ste. 233/234 Memphis, TN 38103 Tel: 901.312.9799

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