Up and Running

AUGUST 29, 2014

Part of a venture feasibility study is to look at what financial resources are already available in personal bank accounts, equity in a home, life insurance, family and friends or from selling assets. Do I need to hire a Certified Public Accountant (CPA) for my small business? Often this is not true.

Small Business 87

Small Business CPA Government North America 87

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.

Balance Sheet 60

Balance Sheet SBA Covenant Technical Review 60

Startup Professionals Musings

FEBRUARY 28, 2010

You will find that investors don’t often invest in a services business, since there are no assets for equity, and banks don’t lend money to someone with no credit and a mortgage problem. I am retired but formerly have been a marketing director and involved in CPA financial services.

Sweat Equity 188

Sweat Equity Entrepreneur Equity CPA 188

Up and Running

JUNE 2, 2011

The SBA considers additional character points when reviewing a loan request: criminal background, citizenship and legal status within the US. Additionally, if finances are not your strong suit, make sure you have someone on your team (employed or vendor/professional, such as a CPA) who handles this for you. Collateral.

Vesting 82

Vesting CPA SBA Bankruptcy 82

Startup Professionals Musings

JUNE 23, 2023

That’s why angel and equity investors are so sought after by entrepreneurs. Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. The default answer is that it probably won’t happen, because most banks just don’t make bank loans to startups. Marty Zwilling<

Silicon Valley 292

Silicon Valley CPA Small Business Administration Startup 292

Startup Professionals Musings

SEPTEMBER 27, 2020

That’s why angel and equity investors are so sought after by entrepreneurs. Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. The default answer is that it probably won’t happen, because most banks just don’t make bank loans to startups. Marty Zwilling.

Silicon Valley 431

Silicon Valley CPA Small Business Administration SBA 431

Startup Professionals Musings

DECEMBER 1, 2018

That’s why angel and equity investors are so sought after by entrepreneurs. Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. The default answer is that it probably won’t happen, because most banks just don’t make bank loans to startups. Marty Zwilling.

Silicon Valley 210

Silicon Valley CPA Small Business Administration SBA 210