https://us02web.zoom.us/rec/share/Y3pJzB0hAOVODdLcNE1Hb8f1vuRoYHDmoBVuToC8dOHV8MqAB43QfWTgKtiVyPoF.bXYXP0YVgVz5ZiMn Quick recap Farrah conducted a comprehensive training session on business credit setup and funding options for event venue entrepreneurs. She explained the importance of establishing business credit separate from personal credit, covering key steps including obtaining a DUNS number, setting up NAV (a business credit monitoring service), and establishing trade lines through Net 30 vendors. Farrah detailed three tiers of business credit building and recommended specific approaches based on participants' credit scores, emphasizing that business credit can help secure funding and provide additional financial flexibility beyond personal loans. She also covered various funding sources including CDFI lenders, microloans, and SBA programs, explaining the application processes and requirements for each. Farrah stressed the importance of proper business planning, market research, and understanding funding needs before approaching lenders, while cautioning against predatory loan offers and the need to keep personal and business finances separate. Building Business Credit Strategies Farrah led a session on building business credit and obtaining loans, emphasizing the importance of establishing a solid business foundation, including obtaining a DUNS number, setting up a business bank account, and creating a professional online presence. She outlined three tiers for building business credit: using Net 30 vendors, setting up a NAV account, and applying for business credit cards. Farrah instructed participants to use ChatGPT to find Net 30 vendors reporting to all three credit bureaus and to download the NAV app to monitor and improve their business credit scores. She also discussed the benefits of NAV Prime for those with higher credit scores and explained how business credit can be used alongside personal loans to fund business ventures.

Farrah is inviting you to a scheduled Zoom meeting. Join Zoom Meeting https://us02web.zoom.us/j/89273232154?pwd=oBpjHBaS6lpmUaLNgiglKvF0M19GaE.1

I am just confirming there is no class today for the new mentoring class that started last week right?

@Olayemi Adebambo @Renee Torres @Brenda Scott @JaSandra Shaw @Olu Ade @Tonia Sagmou @Mary Genao @T'Naya Kebe

Welcome to The Event Space Launch Accelerator™, A six-month mentorship designed to help you launch and operate a profitable event venue.