Bank Financing
If You Need Bank Financing, It Pays to Be Prepared.
The US Department of the Treasury has invested more than $3.9 billion in community banks across 47 states and the District of Columbia as part of the Small Business Lending Fund. Despite the availability of these funds, however, many small business owners have discovered the hard way that securing bank financing is not an easy task. If you’ve tried – and been unsuccessful at – obtaining bank financing for your small business without the help of a trusted advisor like us, you may be wondering where you went wrong.
Banks are not in the business of handing out money to everyone who asks. When you apply for a loan, they are evaluating your ability to pay back that loan by examining a number of factors. Whether you need money for startup costs or expanding your business, understanding what a bank wants and how to prepare for it can mean the difference between securing the financing you need or having to scrape together cash from other sources.
How We Help You Secure Bank Financing:
The first step we take is to make sure we understand your business and what you are trying to achieve. Next, we take a look at financial performance and projections and identify potential sources for financing. The final step is to work with you to prepare a successful business loan proposal that includes the following services:
- Executive summary
- Pro forma cash budgets
- Business financial statements
- Owner’s personal financial statements
- Lender introductions
- Representation
Are You Ready to Get the Financing You Deserve?
Obtaining bank financing for your small business is a major decision, but if you’re ready to take the next step, we are here to help you achieve your goal.
Call today to speak with an experienced Accounting firm you can trust. You’ll be glad you did!
Your Partner in Achieving Financial Freedom
If you’re ready to take the next step, please Click the Button below, and one of our financial planning advisors will be in touch soon. It’s that simple.
What Can We Do For You?
We’re committed to your success. Take a look at our services below or contact us today and find out how our comprehensive accounting & tax services benefit your bottom line.
Small Business Accounting
As a small business owner, you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.
Cash Flow Management
A cash crisis can be emotionally devastating. It can even kill your business. The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you.
Business Advisory Services
If you still have all your plans and ideas locked up inside your head, preparing a strategic plan can help you clarify your company's direction.
Financial Planning for Businesses
If you run a successful business, you already understand how important it is to work with an accounting firm that understands how your company operates. What you might not realize is that when you add an accountant with expertise in financial planning and analysis to the team it allows you to take your business to another level.
Succession Planning
Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next.
New Business Formation
Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill have worn off that dictates whether a small business will make it or not.
Non-Profit Organizations
The IRS uses very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status.
Internal Controls
We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures, then we make recommendations that help your company become stronger.