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| Borowing Money |
| Before you approach your banker for a loan, it is a good idea to understand as much as you can about the factors the bank will evaluate when they consider making you a loan. This discussion outlines some of the key factors a bank uses to analyze a potential borrower. |
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borrowingmoney |
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| Credit Factors |
| These are the same credit factors a lender will review and analyze before deciding whether to internally approve your loan application, seek a guaranty from lenders to support their loan to you, or decline your application all together. |
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creditfactors |
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| INCOME STATEMENT |
| Known also as the profit and loss statement, the income statement shows all income and expense accounts over a period of time. That is, it shows how profitable the business is. |
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incomestatement , income |
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| BALANCE SHEET |
| The balance sheet is a snapshot of the company`s financial standing at an instant in time. The balance sheet shows the company`s financial position, what it owns (assets) and what it owes (liabilities and net worth). The "bottom line" of a balance sheet must always balance (i.e. assets = liabilities + net worth). |
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balancesheet |
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borrowingmoney , creditfactors
incomestatement , income , balancesheet
financialstatement , breakevenanalysis
finance , startupcosts , startup , investment
cashflowmanagement , cashflow
management , loan , application
financialsupport , creditscoring
capital , credit |
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