Services: CFO for Hire
Achieve Financial Growth
Small Business and Entrepreneurs
Accounting Breeze is beyond Accounting. We can help your business with Strategic Planning and Mission Development. A meeting can be scheduled at our clients' convenience. Long-term goals are discussed, and we will help you create the plan to reach them.
We will also work with the officers of your Board of Directors to help them understand their part of the plan. Legal responsibilities will be covered, including what is needed from them to stay out of trouble.
We need always remember that an organization, whether for profit or nonprofit, has to have a Vision and a Plan to succeed.
Grant writing is a specialized endeavor. Not everyone can sit down and write an effective and successful Grant. There are several misunderstandings about grants. Among them is the idea that grants for nonprofit organizations can be written and then after the Grant is received the Grant Writer paid. That is a false understanding. Grants Writers for Nonprofit Organizations are paid whether or not the Grant is received. Other types of Grants have different rules.
SBA Loan Service
• Personal Background: Either as part of the loan application or as a separate document, you will probably be asked to provide some personal background information, including previous addresses, names used, criminal record, educational background, etc.
• Resumes: Some lenders require evidence of management or business experience, particularly for loans that are intended to be used to start a new business.
• Business Plan: All loan programs require a sound business plan to be submitted with the loan application. The business plan should include a complete set of projected financial statements, including profit and loss, cash flow and a balance sheet.
• Personal Credit Report: Your lender will obtain your personal credit report as part of the application process. However, you should obtain a credit report from all three major consumer credit rating agencies before submitting a loan application to the lender. Inaccuracies and blemishes on your credit report can hurt your chances of getting a loan approved. It’s critical you try to clear these up before beginning the application process.
• Business Credit Report: If you are already in business, you should be prepared to submit a credit report for your business. As with the personal credit report, it is important to review your business’ credit report before beginning the application process.
• Income Tax Returns: Most loan programs require applicants to submit personal and business income tax returns for the previous 3 years.
• Financial Statements: Many loan programs require owners with more than a 20 percent stake in your business to submit signed personal financial statements. You may also be required to provide projected financial statements either as part of, or separate from, your business plan. It is a good idea to have these prepared and ready in case a program for which you are applying requires these documents to be submitted individually.
• Bank Statements: Many loan programs require one year of personal and business bank statements to be submitted as part of a loan package.
• Collateral: Collateral requirements vary greatly. Some loan programs do not require collateral. Loans involving higher risk factors for default require substantial collateral. Strong business plans and financial statements can help you avoid putting up collateral. In any case, it is a good idea to prepare a collateral document that describes cost/value of personal or business property that will be used to secure a loan.
• Legal Documents: Depending on a loan’s specific requirements, your lender may require you to submit one or more legal documents. Make sure you have the following items in order, if applicable:
o Business licenses and registrations required for you to conduct business
o Articles of Incorporation
o Copies of contracts you have with any third parties
o Franchise agreements
o Commercial leases