Heflin will provide an update on our financial performance and focus. We will then conclude with a question and answer session. We achieved incremental gains during the quarter, including positive EBITDA trends. We have worked diligently with our existing campus locations to ensure that students recognize and understand the value proposition that NAU provides to a unique segment of the population. That is, our core working adult market. In short, we are always working to improve the quality of our programmatic offerings and take a personal approach in assisting each student in our university. In today’s call, we will highlight a number of the academic achievements we continue to make with the end result being that we are seeing favorable trends and successful student outcomes whether that be course completion, term to term persistence or graduation. Throughout it all, we maintain an efficient organization and are benefiting from an operational leverage that, perhaps, some of our peers don’t possess. For those of you following along on the accompanying slide presentation, we will begin on slide 3 where we highlight the continued strategic focus for FY 2017. We are also looking at other areas in which to leverage our history and operational flexibility to help a wider group of potential students.
A more persistent approach has better odds of success. Understanding what lenders look for and what they consider risky will help you present your business in a favourable manner. We would appreciate your expertise in the Small Business Community. Business & Industry Loan Guarantees This program bolsters the existing private credit structure through the guaranteeing of loans for rural businesses, allowing private lenders to extend more credit than they would typically be able to. The criteria for small business funding has tightened up in recent years, but people who have a plan, have some collateral, and have the ability to pitch their idea can still get the money they need. Ask the financial institution which specific documents you’ll need. While it will help you determine what your new monthly payment will be and how likely it is you’ll be able to handle the new debt, it’s still important to consider the immediacy of your business needs and individual situation. The repayment amount will depend Continue on the term or length of the loan. Briefly describe how you intend to pay back the loan, paying special attention to repayment sources and deadlines.
In addition, a small business must meet the credit qualifications of the lending partner. While it will help you determine what your new monthly payment will be and how likely it is you’ll be able to handle the new debt, it’s still important to consider the immediacy of your business needs and individual situation. The SBA also can refer businesses to free counselling canters to improve their performance. CompassPoints® is a registered trademark of Compass Bank. Check out SBA-preferred non-bank lenders if you are unable to get an SBA loan from a bank or an SBA loan under a loan guaranty program.