Vancouver Accountant – Get Approved for Your Small Business Loan

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Ways to Help Your Small Business Clients with
Financing
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• DID YOU KNOW?
• Commercial banks are the main source of small
  business financing but only 37 of small
  businesses get financing through commercial
  banks.

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• 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, its 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.

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• 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.

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• 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.

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• 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.

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• 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

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• Veronica Xue CPA Inc, the leading accounting firm
  in Vancouver specializes in bookkeeping, tax
  returns, planning and more.
• Visit veronicacpa.com or call [phone] now!
• E-mail admin_at_veronicacpa.com

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