The Bermuda Economic Development Corporation will hold a Lunch & Learn next Tuesday to help entrepreneurs better understand how to prepare for financing from both traditional banks and the BEDC.

The event will take place on Tuesday, May 13 at the BEDC Training Room at Sofia House. Seating is limited and advance registration is required. The cost to attend is $25 and includes lunch and light refreshments.

The session will walk attendees through 10 key areas that influence the strength of a cashflow schedule, an essential part of any successful funding application.

“Access to funding continues to be one of the most common challenges entrepreneurs face,” said Chelsea Warren, business development officer at BEDC. “This session is about helping entrepreneurs understand what lenders are looking for and how to present their financials in a way that builds credibility.”

In addition to funding applications, the session will explore how financial statements connect and how business owners can better manage and plan their cashflow. The goal is to help local entrepreneurs leave with a better understanding of how to build a funding-ready business.