Up Your Cash Flow / Goldstein 86-87

87 You need to become bankable as quickly as possible.To do this, you have to become more profitable, improve your cash flow, and operate your business in a business-like manner.  You almost have to put yourself in a position where you don't need the money, then they'll be happy to loan it to you.

 

More tips on how to be prepared to present to a banker.

• Have your accountant introduce you to a banker
• Bring current financial statements  (Reviewed or Audited)
• Bankers will want to review your history so be prepared to present two or three years' prior financial statements.
• Bring personal financial statements
• Bring financial forecasts
• Provide a breakdown of what you're going to be using the money for.
• Prepare a packet of your company's marketing literature, etc.
• Watch you appearance. First impressions are lasting.