continues to climb as 2016 winds to a close, and many businesses considering 2017 growth plans will undoubtedly seek financing in the coming year. One way to prepare for borrowing is to understand the types of financial documentation required by lenders so that you can work with your accountant, if needed, to develop this in a timely manner. As you would expect, in general, the more a lender knows about the business and can see into its financial workings, the better your chances of securing financing. Image credit: Tj Holowaychuk, unsplash.com Similarly, sufficient financial transparency (in the form of financial records) is a prerequisite for many business buyers. Aside from year-end tax preparation, one of the most common services provided by accountants is the preparation of financial statements. Sageworks Chairman Brian Hamilton says accountants are an underutilized resource that business owners shouldnt overlook when it comes to organizing and reviewing their financial information.
Business banking is all about relationships. In the 2nd quarter of 2014 ebb had closed 4 loans for $656,000. Individual portfolio results may be impacted by, among other things, the diversity of the portfolio, exposure to any single Note or group of Notes, as well as macroeconomic conditions. No one pre-approves businesses for loans faster or merchant cash advances faster! I have recommended Newtek to several customers. 100,000 websites trust them for reliable service, security, and 24/7 support. We have assisted thousands of small business owners in their pursuit of financing and because of our experience and resources we get business owners the capital they need when most lenders cannot. Your savings are federally insured to $250,000 by the National Credit Union Administration, A US view publisher site Government Agency Copyright 2015 by ultra Federal Credit Union By clicking continue, you will leave the ultra Federal Credit Union website and enter the above listed site. Take control of daily expenses and get the cash you need to cover seasonal expenses, purchase inventory, or protect you from overdrafts.
All rights reserved. From retail to office space to industrial we can assist you with a purchase or refinance. Individual borrowers must be a US citizen or permanent resident and at least 18 years old. ABOUT YOUR BUSINESS AND NOT YOUR PERSONAL CREDIT! button to be pre-approved in less than 60 seconds and without a credit check.