1. Do you have a written business plan? Click here for information on business plans. Click here if you need help writing a plan.
2. Have you attended any business classes or workshops on how to run a business? Click here if you are interested in finding organizations in your community that offer classes for small business owners and aspiring entrepreneurs.
3. Does your business earn enough money for you to cover your expenses, pay yourself, and repay a loan? Have you prepared a written cash flow projection to see how you might repay this loan? Click here for information on how to prepare a cash flow projection for your business.
4. Do you have a plan for exactly how you will spend every dollar if you receive a loan from Count Me In? Bankers call this a Sources and Uses Statement. Click here to see how to prepare one.
5. Do you keep financial records for your business? Do you review a monthly statement of income and expenses? Click here to find out more about financial record keeping for a small business.
6. Have you borrowed money in the past, used credit cards, and paid your bills in a timely manner? A good credit history is an important part of being able to borrow money. Click here if you want to know more about your credit history.
7. Do you have a backup plan for how you would repay this loan if your sales dropped or you could not generate the revenue to cover the loan payments? It is important to make your payments on time. Click here for ideas of what other business owners have done.
If you can answer all these questions, click here for the loan application.