Small Business Loan Prep 101: Gather your Financial Statements

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SMALL BUSINESS LOAN PREP 101 GATHER YOUR
FINANCIAL STATEMENTS
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Financial statements are an integral part of your
small business loan application, and these
statements are not the priority of any business
owner until unless they have to apply for a small
business loan to cover payroll, repair equipment,
and expand their business.
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What do these financial statement include ?

• Bank Statements
• The income statement
• The balance sheet
• The statement of cash flow

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To improve your chances of approval, you must
know the different types of statements that come
under the section of financial statement.
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• Bank Statements

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• The income statement

• Total Revenue
• Gains
• Expenses

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• The balance sheet

• Assets
• Liabilities
• Equity

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• The statement of cash flow

• Operating Activities
• Investing Activities
• Financing Activities

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The financial statement gives an idea regarding
the profitability of the company. The lender can
use the cash flow statement to assess the
companys strength and capability of paying the
loan on time. As a small business owner, you can
use CFS to plan the budget for the future.
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To get free financial advice for your small
business problem visit Merchant Advisors
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