YoungUpstarts
MAY 7, 2020
But I would also recommend working with your Small Business Administration (SBA) lender, if you have one, to ensure that you have the right information needed to apply. One problem we’ve seen is that if your business banker is not an SBA lender, it may be difficult to gain access to funds because all of the SBA lenders are overwhelmed.
Up and Running
AUGUST 29, 2014
Do I need to hire a Certified Public Accountant (CPA) for my small business? A Certified Public Accountant (CPA) is a state licensed professional who offers various accounting, auditing, tax, financial analysis, business valuation and consulting services. As a licensed professional, a CPA has to adhere to a code of professional ethics.
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Up and Running
MAY 1, 2018
I got an SBA loan and purchased my business within months of beginning my search. Have a bookkeeper and a CPA. Use an accounting software application so that you can provide your CPA with your financials as often as needed. I did my research, prepared my business plan, and sent it to several financial companies for financing.
Up and Running
APRIL 2, 2015
One exception to the rule is that the federal Small Business Administration (SBA) has programs that guarantee some portion of startup costs for new businesses so banks can lend them money with the government, reducing the banks’ risk. See Also The Complete Guide to SBA Loans. CPAs get sued over bad audits. Collateral.
YoungUpstarts
MAY 5, 2016
by Tim Steffen , CPA/PFS, CFP ® , CPWA ® , Director of Financial Planning for Baird. According to the Small Business Administration (SBA), only half of business start-ups survive more than 5 years. According to the SBA, the number one source of financing for new businesses is personal assets/savings. Keep a fall back.
The Startup Magazine
JANUARY 11, 2022
If you’re not up to the financial aspects of writing a formal plan, hire professional help from a CPA (certified public accountant) who specializes in creating two-year financial plans for new companies. Later, you can use the plan to obtain bank loans, measure results against proposed benchmarks, and adjust profit goals.
Startup Professionals Musings
FEBRUARY 28, 2010
I am retired but formerly have been a marketing director and involved in CPA financial services. Either way, I would recommend that you start by finding a local SCORE (small business mentoring) or SBA (Small Business Administration) office in your area, and talking to them. Where to start for funding and does a business plan differ?
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