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Jul 03
2007

Info for your financial lender

Posted by emma in supportoanlenderfinanceentrepreneur

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Below are some key pieces of information a lending officer is likely to require:-

1)Cash flow projections
2)Business Plan
3)Current balance sheet and income statement
4)Pro Forma balance sheet, income statement
5)Three year history of all financials
6)Business tax returns to date
7)Current accounts receivable
8)Current accounts payable
9)Inventory, furniture, fixtures and equipment lists
10)Current personal bank statement
11)Personal tax returns for the last 3 years

If you've only just started out though, it will be acceptable to present your business plan, pro forma financial statements, personal bank statement and tax returns. Go armed with as much information as possible, but make sure it's presented clearly.



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