Join Free! | Login    
   Popular! Books, Stories, Articles, Poetry
Where Authors and Readers come together!


Featured Authors:  Lindsey Webster, iAndrew Updegrove, iRichard Tscherne, iSteven Ulmen, iSusan Lindsley, iMartyn Kinsella-Jones, iVaughn Aiken, i

  Home > Business/Investing > Articles Popular: Books, Stories, Articles, Poetry     

Karlene Sinclair-Robinson

· + Follow Me
· Contact Me
· Books
· Articles
· 7 Titles
· Save to My Library
· Share with Friends!
Member Since: Sep, 2010

Karlene Sinclair-Robinson, click here to update your pages on AuthorsDen.

Featured Book
With Love Stan: A Soldiers Letters From Vietnam To The World
by Karen Epp

A primary source book, a compilation of Sp4 Stanley D. Ross's letters home from the front lines of Vietnam in 1969.Photographs and recollections of the men who served wit..  
BookAds by Silver
Gold and Platinum Members

Business Owners: Why Your Financial Statements Are Important
by Karlene Sinclair-Robinson   
Rated "G" by the Author.
Last edited: Thursday, September 09, 2010
Posted: Thursday, September 09, 2010

  Print   Save    Follow    Share 

Recent articles by
Karlene Sinclair-Robinson

Factors To Consider When Seeking a Bank Loan
The Small Business Grant Misnomer
5 Things Every Startup Business Owner Must Know
Dwindling Cash Flow Is A Problem
Business Loan Fundamental: What Small Business Owners Need to Know
           >> View all

Proper documentation is extremely important in accessing the capital a business owner needs. Read the article and keep in mind that you cannot get funded without them.

In today's business financial market, it is important to understand what bankers and other financial sources require of business owners. When accessing capital through traditional sources such as banking institutions, they must have specific financial documents from the party seeking to borrow their funds.

If these financial documents are not in place, then there really is no way to access the financing you need for your business. Imagine what will happen if you cannot access the money you need to grow your business or for survival. What would you have to do? Lay off employees? Cancel a prominent client? Close your business? These are important questions to consider, so get it together.

You must have some of the following documents on hand to present to the funding source:

  • Current Cash Flow Statement
  • Current Balance Sheet
  • Current Profit and Loss Statement
  • Tax Returns
    • Business
    • Individual
  • Current Accounts Receivable Aging Report
  • Current Accounts Payable Aging Report
  • Bank Statements
  • Merchant Processing Statements
  • Current Client List

The above list is just a few of the applicable financial documents that a financing source can ask for. If you are unable to present them, this will certainly create a problem for you accessing capital. This is the case whether you are seeking traditional financing or using alternative funding or other private sources. These lenders have the right to ask for any documentation they feel necessary to make the transaction viable for them.

Remember, it is not “What’s in it for me”; it is “What’s in it for them”. You are the one seeking their money and though they might be more than willing to finance you, they are not willing to risk their capital when they know from the get go that you are not up to speed with your documentation.

So, for those business owners who think you can access capital by the seat of your pants that is not going to work. Make sure to have your documents in order to present when you decide to borrow other people’s money. Remember, it is their money and they are the one taking on the risk to fund you. Be sure to get it together.


Karlene Sinclair-Robinson is the author of ‘The Small Business Owner’s Guide to Alternative Funding’, and Managing Member of KPR Funding Solutions, LLC, based in Northern Virginia. She assists her clients with accessing capital and other business needs nationwide. 


Web Site: Small Business Funding Guide

Want to review or comment on this article?
Click here to login!

Need a FREE Reader Membership?
Click here for your Membership!

Popular Business/Investing Articles
  1. Frank Sinatra & John Wayne Refused Dirty H
  2. The Ultimate Book for Freelancers
  3. 'Limitless' Will Empower You
  4. Kim Kardashian & Elvis Presley's Twitter P
  5. Sylvestor Stallone's Crazy Business Gamble
  6. Schwarzenegger Used a James Bond Lifestyle
  7. Boris Karloff's Work Ethic
  8. Best Books for Shark-Tankers
  9. The Power of QuickBooks
  10. Sean Connery Tells His Reason for Success

Seminar Sales & Marketing Techniques for the Financial Professinal by Frank Eberhart,CEP®,RFC®,Author

Brand your identity, have a full house for your seminars...  
BookAds by Silver, Gold and Platinum Members