Bank Financing Assistance

Be Ready Before You Apply

Whether you want to buy equipment, open a second location, add working capital or refinance existing debt, a lender will want to see that your business can handle the loan. How your financial information is presented makes a real difference. Botwinick & Botwinick, CPAs PC helps Atlanta business owners prepare for that conversation.

What Lenders Typically Ask For

• Recent business financial statements
• Business and personal tax returns
• A statement of the owner’s personal finances
• Information on existing debts and obligations
• A description of what the money is for and how it will be repaid

Requirements vary from one lender to the next, so we help you find out what your particular bank expects.

How We Can Help

We can review your financial statements for accuracy, organize the supporting records and prepare the information in a form a loan officer can follow. We can also help you think through how much borrowing makes sense and what the monthly payments would mean for your cash flow.

Straight Talk About Fit

We cannot make a lending decision for any bank, and approval depends on the lender and your circumstances. What we can do is help you present an honest, well-organized picture and avoid delays caused by missing or unclear paperwork.

Planning Ahead

The best time to prepare for a loan is before you need the money. Steady bookkeeping, timely business tax returns and a clear plan from our business advisory services all strengthen your position. If you are launching something new, see new business formation as well.

Questions to Ask Before You Borrow

• How much do you actually need, and for how long?
• Can the business carry the payments in a slow month?
• Will the lender require a personal guarantee or collateral?