Bank Financing
If You Need Bank Financing, It Pays To Be Prepared
As part of the Small Business Lending Fund, the US Department of the Treasury has invested over $3.9 billion in community banks across 47 states and the District of Columbia.
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Many small business owners have found that it is not an easy task to obtain bank financing despite these funds' availability.
If you tried to secure bank funding for your small business without the help of a trusted advisor like us and were unsuccessful, you might be wondering where you went wrong. Banks are not in the business of distributing cash to everyone who asks. They assess your ability to pay back that loan by examining several factors when applying for a loan.
Knowing what a bank needs and how to plan for it can mean the difference between getting the funding you need or trying to scrape the cash together from other sources, whether you need money for start-up costs or expanding your business.
How Manay CPA Assist You
First,
We learn the intricacies of your company and what you are trying to do
Next,
We look at financial results and projections and identify potential sources of funding
Finally,
We are working with you to prepare a successful proposal for business loans