What Financial Statements Do I Need for a Bank Loan?

An important financing option for small businesses is a traditional business loan. A small business loan allows the owner to increase cash flow, provide much needed cash to meet payroll, purchase inventory, invest in business equipment, and to finance business growth. However, in addition to personal financial information, most banks and lenders require the following financial documents:

· Schedule of accounts receivables

· Balance sheet

· Profit and loss statements

· Cash flow statements

· Schedule of accounts payables

· Schedule of financial projections

· Other financial documents as deemed necessary by the bank or lender

Sheldon L. Richards, CPA, MS and his skilled team will handle all the accounting, bookkeeping, payroll, and tax services for your business. We are committed to your success and prosperity and can help you streamline your business operations while cutting expenses and increasing revenue.

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https://calendly.com/sheldon-44/free-consultation