Will
Your Loan Package Pass
the Snicker Test?
One study estimated that 97% of loan
packages and business plans are so poorly prepared that they were tossed
aside before being seriously considered.
Loan Preparation: Business
planning includes cash flow management and determining whether additional
financing is needed. Regardless of the lender, a poorly prepared loan
package will not get far into the system. We provide you with expert help
in getting ready for a loan so that you appear sharp and on top of your
business requirements.
Cash Management: . A loan
package has to include a cash flow forecast for the near future, a plan
for how the loan proceeds will be used, and a concise overview. We'll help
you develop effective cash management by helping you set up an
appropriate accounting system for your business that accurately records
cash inflows and expenses or assist you in understanding how your present
system works.
Financial Statements: A
financial statement that has "holes" in it and does not quickly
address how it plans to fix problems does not receive serious
consideration when applying for a loan. Our firm is knowledgeable of
lenders' requirements, and we can assist you in preparing accurate
financial statements that satisfy these needs.
Business Plans: They can
work as a preventive measure as well as a cure. A properly prepared
business plan will highlight serious deficiencies before they occur, thus
allowing you the opportunity to correct them in an orderly manner. Also
the business plan will detail positive facts such as expansion
opportunities, marketing niches to be filled and working capital
requirements. Our goal is to advise
you on each step of the plan and help you focus your efforts. We'll help
you with questions such as:
- Where are we now?
- Where do we want to go?
- How do we get there?
And we'll work with you to:
- Provide a diagnosis of your current situation
- Identify goals for your company
- Design an implementation plan
- Monitor the progress of the business plan
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