Sign Up for Zions Bank’s Spanish-Language Entrepreneur Workshop
Popular “Inside Secrets to Funding Your Business” workshop will be presented by Utah Business Resource Center Director Yrene Luque.
Latino small-business owners are the fastest-growing group of entrepreneurs in the U.S., but many struggle to scale their businesses because of financial hurdles, as outlined in a 2018 study from the Stanford Graduate School of Business study.
The research found that Latino business owners tend to rely on informal financing and are frequently averse to taking on debt. Some Latino entrepreneurs bear greater personal financial risk related to limited credit histories.
These are some of the key reasons that Zions Bank’s Utah Business Resource Center will be offering a Spanish-language, virtual version of its popular “Inside Secrets to Funding Your Business” workshop from 11 a.m. to 1 p.m. on Wednesday, June 24.
“Offering training in someone’s first language makes the information more accessible,” explains BRC Director Yrene Luque. “With the rise of so many Hispanic-owned companies in Idaho and Utah, it is important to provide this workshop in Spanish.”
During the two-hour, virtual workshop, Luque will discuss:
- How to prepare a loan package, including a business plan and financial projections
- How lenders determine a loan decision and what you can do about it
- What investors look for when evaluating a deal
- How to prepare, read and analyze your business financial statements
“We have all heard the expression it takes money to make money. This is true for small businesses in both startup and growth phases,” Luque says. “Entrepreneurs increase their chance of business success when they understand the type of funding options available.”
Date: Wednesday, June 24
Time: 11:00 am to 1:00 pm
Cost: Complimentary, but you must register to reserve a virtual “seat”
Place: Virtual session using Skype technology
Registration: Email firstname.lastname@example.org or call 801-844-7900
Skype link: We will email the link to the Skype session once you register
Nicola McIntosh is Social Media manager for Zions Bank.