Raising
The Money Worksheet
Preparing for Financing
Step # 1: Make a list of
potential financing sources
Make appointments
with bankers or other financing sources and introduce yourself and
the fact that you are considering starting a business. Ask them what
kind of information they need when considering finance proposals.
Step # 2: Prepare a marketing
and business plan, including:
- cash flow projections
- budgets
- break-even analysis
If the business has been
in operation, also include:
- current financial statement
- current profit and loss
statement
Step # 3: Determine how
much financing you will need and for how long
Step # 4: Determine what
you will use the financing for
Step # 5: Develop a plan
for repayment of the loan
Step # 6: Prepare a current
personal financial statement
Step # 7: Have an accountant
or CPA, with a knowledge of small business start-ups, review your
projections and estimates.
Step # 8: Make appointments
with potential lenders to review your business plan and financing
proposal.
Step # 9: Be persistent
and patient.
