The process could include a complete review of the business financial statements (past and present), projected financial statements, the business owner(s)/guarantor(s) financial position, personal credit reports, and loan collateral evaluation. By the end of this session, the participants will understand the business loan process, how their personal credit and financial position is viewed by the lenders, how business loans are structured, and have understanding of other business loan related items like term sheets, debt service coverage, etc.
Wednesday, December 2, 2026
2:00 PM to 4:00 PM
Tonita McKnight is a Georgia native with roots in North and Southwest Georgia. She holds a Bachelor of Arts in Theater from Spelman College and an MBA from Albany State University. Tonita has over nine years of experience with Albany Community Together, Inc., where she supported entrepreneurs through coaching, connections, and access to capital. She has worked as a business consultant for the past two years with the UGA Small Business Development Center and brings experience in commercial lending, property management, program and grant administration, and economic development. She is a certified Economic Development Finance Professional (NDC) and Business Incubator Manager (InBIA).
The UGA Small Business Development Center is a Public Service and Outreach unit of the University of Georgia. This program is funded through a cooperative agreement with the U.S. Small Business Administration and is supported by federal taxpayer funds. Our federal funding disclosure can be found at www.georgiasbdc.org.
By registering, I certify that I am legally authorized to receive services funded by U.S. taxpayer dollars, in accordance with applicable federal law and regulations. All programs are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.
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