Do you have all your required business licenses? Great! Be sure to keep all your business licenses, state and local, updated on an annual basis.
Connect with an SBDC Business Advisor to review your business model and local licensing needs.
Do you have a current business plan? Great! Is it up to date in the past 6 months? This should reflect your current vision and financing needs.
Connect with an SBDC Business Advisor for custom business planning guides and checklists. We can also review your business plan to provide ways to improve for your current goals.
Do you know what kind of financing you need and how much? We recommend working on your financials and projections to determine your goals. Work with an SSBCI Business Advisor to build a finance strategy.
Is your personal credit score over 700? Be sure to keep an eye on your personal credit score and credit report. You can pull your credit report anytime at www.annualcreditreport.com. The higher your credit score, the better your options will be.
Do you have collateral to secure a loan? Great! We recommend to start preparing your personal financial statement to show the assets and collateral you have for funding.
Work with an SSBCI Business Advisor on your personal financials and personal financial statement. We can also walk you through potential opportunities with the SSBCI Collateral Support program.
Have you prepared your financial statements and projections? Great! We can review your financial statements and projections to help you prepare for funding. When ready, we can connect you with a lender.
We have resources that can help! Connect with our SSBCI Resources or an SSBCI Business Advisor to build and review your financial statements in preparation for financing
Do you have any other debt? Have a plan for paying off your debt? Let’s create one! A debt schedule and plan is always helpful for decision making. We can also assess your financial health for taking on more debt.
Let’s assess the rest of your financial health and create a plan for acquiring your needed capital.
Do you have an accounting system set up? Look into our QuickBooks training or connect with an SSBCI Business Advisor to discuss bookkeeping and accounting strategies.
Great! We can review your bookkeeping practices to check for any improvements and to review your financial readiness for capital.
Do you have at least 10% of the total funding needed? Great! We can review your cash flow and financials to ensure you will still be in a good cash position.
Connect with an SSBCI Business Advisor to discuss a financial review and savings plan.
Are you seeking funding from investors? Great! With the SSBCI programs, we can connect you to StartUpNV and gener8tor for educational and pitch opportunities to investors and accelerators.
Let’s create a funding strategy and road map to determine the best source for your capital needs.
Have you applied for a business loan or a line of credit in the past? Talk with us about debt scheduling and financial strategies to best manage your financial position.
We recommend taking our training and on demand courses to understand the process and how to best prepare for funding. There are some great tips from bankers and investors in there!
Do you have current banking relationships? Great! This is a key partnership in managing your business.
Let’s connect you with banking sources and a financial strategy.
Do you have other personal income sources? Great! Be sure to review your financial health before seeking funding. This includes the cash flow from your business AND your personal income.
Let’s work on building a financial projection and savings plan to show your cash flow. This is an important piece to lenders and investors.
Are you seeking funding in the near future? Great! Start preparing your documents and determining the best funding source. If you need connections to a lending source, let’s connect!
Great! This gives you time to prepare your documents, review your financial health, and determine the best funding strategy for your business. When you are ready, you can always connect with an SSBCI Business Advisor to dive into any of these topics.
