Capacity, capital, collateral, credit, and character are the "Five Cs" that loan offers learn in Lending 101. But to most small-business loan applicants in need of money, it is an esoteric and arduous exercise.
While my company generates great total annual revenues, we often find ourselves in month-to-month cash flow crunches. What tools and strategies can I employ to bridge cash flow gaps and create a more steady cash flow?
Now is the time to think about dusting off your old business plan as the economy improves. A business plan is required to obtain a loan or venture capital. It is uniquely designed as a sales tool to get financing.