Small Business Finance (Main Street)
Local business owners
This 7-part series provides comprehensive coverage of Business Plan Financials. Topics include Business Plan Financials, Sba Loan Scenarios, Business Credit Card Vs Loc, Inventory Financing, Key Person Life Insurance, Business Valuation Exit, Succession Planning Eot.
Articles in this series
Business Plan Financials: 3-Statement Model
Business Plan Financials: The 3-Statement Model ================================================= Most small business owners who write a business plan produce a narrative—a description of the...
SBA Loan Scenarios: 7(a) vs. 504
SBA Loan Scenarios: 7(a) vs. 504 ================================== The Small Business Administration doesn't lend money directly to businesses—it guarantees loans made by approved private...
Business Credit Card vs. Line of Credit
Business Credit Card vs. Line of Credit ======================================== Two financial tools cover the same underlying need for most small businesses: access to short-term credit for...
Inventory Financing: The Cash Flow Gap
Inventory Financing: The Cash Flow Gap ======================================== A retailer orders $80,000 in seasonal inventory in September for holiday sales. The supplier requires payment in 30...
Key Person Life Insurance
Key Person Life Insurance ========================== Every small business depends on specific individuals whose knowledge, relationships, skills, or judgment are essential to the business's...
Business Valuation for Exit: Multiple of Earnings
Business Valuation for Exit: Multiple of Earnings ================================================== Every small business owner who intends to eventually sell the business needs to understand how...
Succession Planning: Selling to Employees (EOT)
Succession Planning: Selling to Employees (EOT) ================================================= Most small business owners approach succession planning with a limited menu in mind: sell to an...