Funding Readiness
Personal Financial Statement for a Business Loan
You applied for a business loan and the lender sent back a form asking about your house, your car, your retirement account and...
You compared three business lines of credit by rate, picked the lowest one, and then the first statement showed charges you never saw in the offer.
Recent
Funding Readiness
You applied for a business loan and the lender sent back a form asking about your house, your car, your retirement account and...
Cash Flow Management
Your profit and loss report says you made $84,000 last year, yet the bank account never seemed to hold more than a few weeks of...
Business Loans
You found a lender, the rate looks fair, and then the term sheet asks what you can pledge.
Business Credit Cards
Payroll is due Friday, the receivables are late, and your business card has $18,000 of open credit sitting right there.
Lines of Credit
Your business line of credit limit was set when your company was smaller, and now a single large order or a slow-paying...
Funding Readiness
A lender asks for your business debt schedule, and you realize you have never put every loan, card and lease on one page.
Sections
Archive
Three people who have sat on different sides of a funding decision: a former underwriter who spent a decade deciding which loan applications got approved, a small business owner who has borrowed through a term loan, two lines of credit, and one merchant cash advance she still warns people about, and a bookkeeper who sees a client's cash flow problems months before the owner does. Every article carries a byline, and nothing runs that the writer has not actually dealt with.