by Amy Primeau | Apr 24, 2023 | Finance, Resources
A balance sheet shows what a business owns, and what it owes. When a lender approves you for a loan, they are taking on risk—the risk of whether the loan will be repaid. How risky is your business? Your balance sheet is part of the answer. In a single document,...
by Amy Primeau | Apr 17, 2023 | Finance, Resources, Small Business
Preparing interim and year-end Profit & Loss (P&L) statements, also called income statements, should be business-as-usual for small business owners. In a single page document, a P&L gives a complete picture of your business’s financial health. You...
by Amy Primeau | Jan 12, 2023 | Resources, Small Business
When you apply for a business loan, you are also asking a lender to trust that your business and its revenue will be able to pay the loan back in full. Part of that assurance—is business insurance. It isn’t pleasant to think about all the things that can go wrong, and...
by Amy Primeau | Dec 12, 2022 | Lending, Resources
The Small Business Administration and lenders who provide SBA loans ask applicants to complete Form 413 as a required part of the application process. This article gives you clear information about the form that isn’t in financial industry language, and step-by-step...
by Amy Primeau | Dec 5, 2022 | Lending, Resources
Only YOU can freeze and unfreeze your credit. Freezing your credit means closing the door to any new debt in your name. It prevents any loans or credit items from being opened using your personal information. People who are concerned about identity theft sometimes...
by Amy Primeau | Nov 7, 2022 | Application Guide, Lending, Resources
Your credit history and three-digit personal credit score are important parts of your small business’s profile. They affect whether or not you qualify for a small business loan, SBA loan, commercial real estate loan, or other credit product. They also affect what...
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