When seeking funding for a startup or existing business, it is important that you do your research and understand what characteristics or qualities the bank is looking for. The first step to a successful loan application is a rock-solid business plan. An effective business plan will outline the functionality of the business and will make the case for why your business is fundable.
Assistance with Capital
Providing financial counseling and packaging assistance is what we do best! Let our experienced business coaches advise you on the best funding options for your business and help establish connections with various financing resources.
Loan Proposal and Packaging Assistance
Our business coaches can work with you through the development of a loan proposal and financial projections and can help facilitate connections with specific lenders. They can also identify how to effectively combine various financing programs to fund your project in a timely way.
As a business owner, you may have questions about lease terms, renovation costs, operating and maintenance expenses, zoning, capacity and other common inquiries. The WV SBDC can help you evaluate your needs before you enter in a lease agreement.
Identifying Financing Strategies
Our business coaches can identify strengths and weaknesses in your books as well as help you explore potential business opportunities. We can provide a rigorous financial analysis that will establish the credibility a fundable proposal demands, as well as depict projections that will offer an accurate representation of how long it will take to see a return on your business investment.
Capital Budgeting and Credit Scoring
When making a significant investment, it is important for you to understand your credit, collateral and how your business investment will affect you and your business long-term. Let us help you determine your total capital investment and potential annual cash flows of that investment.