1. The Role of an Accountant in Obtaining Financing
Presented by: Albert Traverso, CPA,
October 15, 2014

2. “If You Want To Go Fast, Go Alone. If You Want To Go Far, Go Together
“If You Want To Go Fast, Go Alone. If You Want To Go Far, Go Together.” ― African proverb

3. Keys to Successfully Securing a Loan
Don’t go solo.
Preparation pays.
Don’t just walk into a branch and pick up an application
A CPA can help you prepare the information you need to provide answers to lenders’ questions
Prepare for the following questions:
Why do I want a bank loan?
How will the money be utilized?
How much do I need to borrow?
Do I have a clear and realistic plan to repay the debt?
What type/term of loan do I need?
How will I collateralize the loan?

4. Start-Up vs. Existing Business Needs Vary
How your CPA can help you:
How much to borrow?
Does the company really need a loan?
Failure to manage cash flow
Monitor of receivables
Credit polices
Vendor terms
Accounting procedures
Bank requirements

5. CPA’s Not Just for Business
How your CPA can help you:
Balance business and personal needs
Long term personal goals
Succession planning for your business

6. The Banker’s Perspective
Evaluation of credit worthiness (security collateral)
A bank is responsible for lending its depositors monies
Manage risk

7. What you need to have ready
The Plan
A realistic forecast of your company’s future
Based on past performance and future goals
Tell the story and share vision
Back it up with data and details
Covenants – CPAs can help negotiate attainable ratio
Tax implications

8. Closing Thoughts
No one builds success all by themselves.
Steve Jobs didn’t design the iPhone.
Brian Clark doesn’t write software.
Walt Disney didn’t animate Snow White.
Don’t go it alone – surround yourself with professionals you know and trust