David Burch

Small Business Financing Tips for 2017: Banks, Family and Additional Resources

Carol Roth, David Burch, Steve Strauss, Gerri Detweiler

Addressing the financing needs of over 50% of U.S. small business owners planning growth, experts including David Burch of Bank of America and Steve Strauss outline strategies to navigate traditional lending and family funding. The presentation details the critical preparation required for the "Three Cs" of credit, emphasizing accurate financial reporting and formal contracts to mitigate relationship risks with family investors. Panelists further advocate for leveraging free advisory networks like SCORE and SBDCs to build robust capital reserves before crises occur, ensuring businesses can transition from informal financing to institutional support.