Financing message forum where you can get and give insights found
nowhere else. Belly up to the table and request funding. Or tell
your money tales. Any money talk is fair game except ads.
The Latest Hot Topics:
Show Me the Money! Belly up to the Financial Feasts table and talk turkey about money... what to look for, where & how? All money talk is fair game. Go
Basic Financial Package
Almost all investors and lenders want to see similar financial
documents. By preparing a basic financial package, and ideally,
keeping it up-to-date, you'll be in a better position to act quickly
on financing opportunities. There are two levels of financial documents
to prepare, the basic documents needed for most financial activities,
and additional documents needed, especially for large loans or investments.
What Needs to be in Your "Basic Financial
Package"
Basic Company Financial Documents: (needed for virtually all financing opportunities, whether a
loan or investment)
Balance sheet. Financial report that shows the status
of a company's assets, liabilities and owners' equity; this gives
a complete picture of the worth of a company.
Income Statement, also called Profit-and-Loss Statement.
Summary of a company's revenues, costs and expenses during one
accounting period. This shows how profitable a company is. If
a company is new, these can be projected income statements.
Cash flow projections. Estimates of the schedule on
which money will actually move into and out of your company. Cash
flow can be very different than income statements, especially
for companies that operate on an accrual basis accounting.
Additional Financial Information Certain financial activities will require greater information.
Such information may include:
Audited financial statements. Financial documents like
those listed above, but prepared by an accounting firm that audits
the documents to make certain they are correct.
Last two-three years' business tax returns.
Last two-three years' partners' and owners' personal tax
returns.
List of current accounts.
Current business plan.
Appraisals of assets that secure loans. Appraisals are
estimates of the value of property, made by an expert.
List of other personal assets and liabilities of the partners/owners.
Copyright 1995-2023, DevStart, Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from DevStart, Inc.
DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. DevStart Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from DevStart, Inc. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages.
TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business™, CyberSchmooz™, and BizCafe™.
Ask Questions 
Share Tips 
List Your Business 
Coffee Talk with Experts 
Biz Planning | Sample Plans 
Idea 
Name 
$ 
Do It! 
Promotional Merchandise
Managing | Operations
Work @ Home 
Yoga @ Your Desk 
