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Bank Financing

Get a Business Loan With a Professionally Prepared Proposal

Need some extra funds to grow your business? You certainly aren't alone. However, requesting a business loan without adequate and careful preparation sends a clear - and unfortunate - message to the lender: High Risk! While banks understand the need for financing, especially for a small business, they also want to ensure the risk is worth taking. Therefore, it pays to be prepared and organized in your approach for financing.

Before applying for a loan, you should be able to show the bank you have done your due diligence. Put your best foot forward by allowing us to prepare a winning loan proposal for you. Our proposals have a high likelihood of success because they're created from the lender's perspective; giving them everything they need to feel good about financing you.

We at Hafen | Buckner know exactly what banks want to see when reviewing your proposal. Even more importantly, we know how to prove to them that you'll be able to pay them back.

Our winning loan proposals come complete with:

  • Executive Summary: Usually one to two pages in length, your executive summary should concisely state the purpose of the loan. You must include the exact amount of money required, an explanation of what the loan will be used for, and why it's needed. This may seem very straightforward, but that doesn't mean it doesn't require a professional hand. The executive summary provides your lender with a brief overview of the vital parts of your business plan, and must be tailored to the interests of those reading it.

    Your executive summary should give your lender:
    • Your business' name and location
    • Your business concept, detailing the problems it will solve
    • Proof that there is an active market for your product or service
    • A clear vision of your competitive advantage
    • A detailed view of your management team and how they help your business
    • The status of your business' current state of development
    • Accurate and realistic financial data
    Your executive summary is the most important part of your application, and if it doesn't look well-done and engaging from the beginning, the rest of your proposal may not even be read. This is why it is always best to have yours prepared by an experienced professional with a positive track record.
  • Pro-forma Cash Budgets and Financial Statements: This part of your proposal is meant to provide your lender with a clear understanding of your business' real-world operating results. Before lending you money, a bank needs to assess your company's future outlook, using your actual numbers. A professional accountant will use your data and its underlying assumptions to prepare compelling, easy-to-read information that your banker can buy into.
  • Owners Personal Financial Statements: As the business owner, your personal financial status will tell the bank a lot about how the business is likely to be run. The bank wants to know that you are in sound condition financially, and have the ability to support some business operation, if necessary. In preparing your statements, we make copies of the last 3 years of personal tax returns for the bank, as well as identify the collateral being pledged as security for the loan.
  • Representation: In the world of business finance, there is no substitute for professional representation. We are here to act as your advocate, armed with the information and expertise required to substantiate your financial needs and position to your banker in person.

At some time or another, most businesses need some outside financial support. With a professional CPA on your side, you can be sure you're getting qualified help in obtaining advantageous financing. Hafen | Buckner can help you get the cash flow you need to succeed now and in the future.

If you'd like to learn more about how you can obtain the money you need to grow your business please complete this form.

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