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This section should include:
- For a New Business
- Estimate of start-up costs.
- Projected balance sheet (1 year forward).
- Projected income statement (1 year forward).
- Projected cash flow statement (12 months forward).
- For an Existing Business
- Balance sheets (last 3 years).
- Income statements (last 3 years).
- Cash flow statement (12 months).
- If Applying for a Loan (in addition to the above)
- Current personal financial statement on each principal.
- Federal tax return for prior year.
After reviewing this section the reader should:
- Have a good understanding regarding the financial capacity and/or projections for your company.
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