In-Brief

Products Association sponsors financial seminar

Avoiding credit pitfalls will be the topic of an upcoming seminar sponsored by the Puerto Rico Products Association.

Economic uncertainty has led many companies to face delicate financial situations, often leading to defaulting on their credit. But because good credit management is key to protecting against default, the Puerto Rico Rico Products Association will sponsor a seminar Nov. 14 to provide strategies to avoid pitfalls.

The “How to evaluate financial statements to grant customers commercial credit” workshop will take place from 8:30 a.m. to 11:30 a.m. at the Inter American University in Hato Rey.

Participants will learn tools and techniques on: the aspects to consider when applying for commercial credit or grants; how to minimize loss risk when granting credit to customers; how to analyze and what to consider in financial statements; how to quickly and accurately identify the customer’s repayment ability and a company’s strength; and, financial alternatives available to the company according to its financial statements.

The main goal of obtaining commercial credit is to generate more revenue and profitability for a business. Good crecit facilitates sales, production, capital development and increased profits.

Luis Alvarado, commercial and corporate banking expert, will offer the seminar aimed at companies of all sizes dedicated to production, trade or services. Space is limited and there is a $70 enrollment fee for members and an $85 fee for the general public.

For more information: call 787-504-4444 or email gkrans@creativethinkgingpr.com.

Author Details
Business reporter with 25 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other areas of the economy.

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