A business plan is not complete without a financial section that substantiates the plan. The financial section communicates to lenders the feasibility of the venture, profitability, and repayment ability. In this session, participants learn what the financial section includes, how to create a financial forecast with assumptions, and common mistakes lenders see in the underwriting stage of the loan review process.
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Additional Session Highlights:
• Learn about the components of the financial section
• Learn how to write the assumption that is included in the financial section
• Understand what overly optimistic or overly conservative projections communicate about your business and about you
• Find out what the financial ratios say about risk