1 / 8

Vancouver Accountant - Get Approved for Your Small Business Loan

Wondering how to get the right financial assistance to run your small business? Read this write up now to find out how a Vancouver accountant can help you get approval for a business loan. Visit http://veronicacpa.com/ for more.

Veronicacpa
Download Presentation

Vancouver Accountant - Get Approved for Your Small Business Loan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. veronicacpa.com Ways to Help Your Small Business Clients with Financing

  2. DID YOU KNOW? Commercial banks are the main source of small business financing but only 37% of small businesses get financing through commercial banks. veronicacpa.com

  3. Since the financial recession in 2008, banks have tightened access to capital and this has led to a 20% decline in lending finances for small businesses. So, it’s very important for small business owners to thoroughly prepare to get a bank loan. Here are a few ways to help your small business clients get approved for a bank loan. veronicacpa.com

  4. HELP YOU IMPROVE YOUR CREDIT SCORE Having a good credit score, collateral and cash flow is important for small businesses to get approved for a bank loan. In order to improve your credit score, we will carefully review your score for errors and resolve any disputes you may have. This will improve your credit score within 30 days. veronicacpa.com

  5. CREATE A GOOD BUSINESS PLAN Ask your clients to craft a good business plan, future business goals, marketing and customer acquisition strategies, financial projections for the next four to five years. Help them to gather historical financial data, estimate future income and profits, as well as present their business in a positive light. veronicacpa.com

  6. PAPERWORK Banks will ask for numerous documents to see if your clients are eligible for a loan. Hence, paperwork is intensive and inevitable. So, get the following documents ready when applying for a business loan. veronicacpa.com

  7. REQUIRED DOCUMENTS • Organizational documents • Last 3 years of business and personal tax returns • Last 3 years of income statements, and profit and loss statements • Recent business bank statements • Recent merchant processing statements (if applicable) • Collateral statements • Business plan veronicacpa.com

  8. Veronica Xue CPA Inc, the leading accounting firm in Vancouver specializes in bookkeeping, tax returns, planning and more. Visit veronicacpa.comor call (604) 689-8995 now! E-mail: admin@veronicacpa.com veronicacpa.com

More Related