Financing A Business

Small Business Bank Loans: Banks are a traditional source of funding to small business owners. Their principal role has been as a lender offering short and long-term loans and lines of credit. Here is what you need to qualify for a small business loan. (SCORE)

How To Borrow Money From People You Know: Debt versus Equity Financing, Determining Who To Approach For Money. (Circle Lending)

Facts About Government Grants: Some business grants are available through state and local programs, nonprofit organizations and other groups for specialized businesses. For example, some states provide grants for expanding child care centers. These grants are not free money, and usually require the recipient to match funds or combine the grant with other forms of financing such as a loan. (SBA)

Rollovers As Business Start-up: Rollovers as Business Start-up (ROBS) is a term used to describe a somewhat questionable technique used for starting a business with a 401k rollover. The ROBS technique is controversial, because the IRS tends to frown on the practice. It also involves an extreme risk in taking one’s retirement nest egg to start up a business. (SCORE)

SBA Small Business Loans: SBA does not make loans, it guarantees loans. SBA offers a variety of loan guarantee programs for very specific purposes. These loan programs include the 7(a) Loan Program, the MicroLoan Program, and the C/504 Loan Program. (SBA)

BDC and CDC Small Business Loans: Business Development Corporation of SC (BDC) was established in 1958 by the South Carolina State Legislature to promote business and industry within the state. BDC is a non-bank commercial lending company specializing in the SBA 7(a) loan guaranty program. (Business Development Corporation)

BCI Lending Service: BCI Lending Services, also known as Business Carolina, Inc., is a not-for-profit economic developer that is devoted to promoting economic growth in South Carolina, North Carolina, and Georgia by providing loans to small businesses. BCI is an SBA Preferred Lender. (Business Carolina Inc)

Small Business Unsecured Loans: Small business loans through the SBA Community Express and Patriots Express loan programs. (Borrego Springs Bank)

Credit Reports: Check out your credit history. Get a free credit report. (SCORE)

Small Business Loans - Lending Club: Lending Club is an online financial community that brings together creditworthy borrowers and savvy investors so that both can benefit financially. (LendingClub.com)

Small Business Loans - Private Investors: Prosper.com connects people who want to invest money with people who want to borrow money. (Prosper.com)

Equity Investors - Private Investors: Ariel Savannah Angel Partners connect people who want to invest money with people who need equity investments. Member partners are accredited individual investors who actively participate in reviewing investment opportunities and invest in high growth companies. (Ariel Savannah Angel Partners)

Cash Flow Analysis: A cash flow analysis shows the cash on hand at the end of each time period. You cash flow analysis will show your income receipts and payments spread across time. It shows how much cash is on hand to run your business operations. This template is an Excel template. (SCORE)

Balance Sheet: Opening day balance sheet for your business. A balance sheet shows the financial position of your company at a single moment in time; in this case, it will be as of opening day. This template is an Excel template. (SCORE)

Integerated Financial Projections: Develop an integrated set of financial projections. This spreadsheet walks you through the process of creating financial projections for your business. It includes worksheets for start-up funds, salaries & wages, fixed operating expenses, cash flow analysis, salary, sales forecasts, cash receipts & disbursements, income statement, cash flow analysis, balance sheet, year end summary, financial ratios, break-even analysis, and amortization schedules. This template is an Excel template. (SCORE)

Start-up Expenses: Summarize the expenses required to start up your business. Nearly everyone who has ever started a business has underestimated the costs, and then faced the danger of running with inadequate capital reserves. The key to avoiding this pitfall is to adopt a rigorous approach to your research and planning. This Startup Expenses worksheet will lead you through that process. This template is an Excel template. (SCORE)

Bank Loan Request: Writing guide for a bank loan request. This writing guide will help you oranize and write an effective bank loan request. This template is an pdf file. (SCORE)

Personal Financial Statement: Summarize your personal financial status. Many financial institutions will require information about your personal financial data. This spreadsheet will help you prepare a personal financial statement. Your personal financial statement should show only your personally held assets and liabilities (debts) outside the business This template is an Excel template. (SCORE)

Profit Loss Statement: Financial status presented as a profit or loss. This financial statement will show your Net Profit by subtracting Total Operating Expenses from Gross Profit to calculate Net Profit This template is an Excel template. (SCORE)