Financial Statements Explained
A financial statement is a report that provides information about the financial position and performance of a business. There are several different types of financial statements, including the balance sheet, income statement, statement of cash flows, and statement of changes in equity. The balance sheet provides information about a company’s assets, liabilities, and equity. It […]
What is an Executive Summary?
An executive summary is a brief document that provides a summary of a larger document or report. In the context of a financing request, an executive summary is a summary of the financial information and business plan that you are presenting to a bank or other financial institution in order to request funding. The purpose […]
What is a Current Inventory Report?
A current inventory report is a document that lists the quantities and types of items that a business currently has in stock. This report can be used to track the availability of products or materials and to identify when additional orders need to be placed. It can also be used to monitor the efficiency of […]
What is a Cash Flow Statement?
A cash flow statement is a financial statement that shows the inflow and outflow of cash for a business over a certain period of time. It is typically used to provide information about a company’s financial performance and to help identify potential financial problems. Here are some key points to consider when discussing a cash […]
Cash Flow Projection Explained
A cash flow projection is a financial statement that forecasts a company’s expected cash inflows and outflows over a specific period of time. It is used to plan for and manage the company’s financial resources and to identify potential cash shortages or surpluses. The projection typically covers a period of several months or years, depending […]
What is a Cap Table?
A cap table, or capitalization table, is a financial document that outlines a company’s equity ownership. It is a summary of the company’s outstanding shares of stock and the corresponding ownership percentages of those shares. The cap table also lists the company’s outstanding stock options and any other equity instruments, such as warrants or convertible […]
Business Plan Explained
A business plan is a document that outlines the key components of a business, including the business’s goals, strategy, target market, and financial projections. It is a roadmap that helps guide a business through its first few years of operation and helps it stay on track to achieve its long-term goals. Why am I being […]
Balance to Repayment Explained
When you refinance a loan, the “balance to repayment” refers to the amount of money that you still owe on the loan that you are refinancing. This is the amount of money that you will need to pay back to the lender in order to fully repay the loan. Why am I being asked for […]
What is an Asset Value Assessment?
An asset value assessment is a professional evaluation of the value of an asset. This can be a physical asset, such as real estate, or a financial asset, such as stocks or bonds. The purpose of an asset value assessment is to determine the current market value of the asset. This information can be used […]
What is a Balance Sheet?
A balance sheet is a financial statement that reports a company’s assets, liabilities, and equity at a specific point in time. It is used to provide a snapshot of the company’s financial position and is often prepared at the end of an accounting period, such as the end of a month or a year. Assets […]
