This book is designed to guide you through the maze of financial programs and direct your business to the right type of financing.
Financial information is available from many sources in both the public and private sectors.
The public sector includes federal, state, and local governments. The private sector includes banks, non-bank lenders, financial institutions, businesses and associations that work directly with small business. Section One provides an introduction to business planning and financial success, including why businesses fail and how to use your business plan to get a loan. Section One also provides a description of the financial landscape - what types of loans are available, who is involved, and how financial institutions work with the government to increase the flow of capital to small business. Section Two discusses how to obtain business financing, loan documentation preparation, understanding the financial statements and the most common financial ratio analysis required with typical loan applications, and checklists of documents required when you present your loan requests.