CategoryAccounting

Financial Statements You Need for a Small Business Loan

By David Campbell
In Accounting
6 Min Read
F

You’re not an accountant. You devote your time to making your customers happy and growing your business, not preparing financial statements. But, when it’s time to start looking for a loan, you need to consider how you’ll show the bank you can pay it back. Mainly, you should think about what types of financial statements you’ll need to prepare for a small business loan. Generally, banks...

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Two Ratios You Must Have in a Business Plan for a Bank Loan

By David Campbell
In Accounting, Business Plans
6 Min Read
T

If you want to write a business plan for a bank loan, you have to tailor your proposal for the bank. What’s most important for a bank? Getting their loans paid back. A loan to your business is an investment for the bank. They’re betting that you’ll pay them back, with interest. The bank won’t be in business long if it makes bad investments.  The challenge for a bank...

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