Business Resource Library

Getting Financing for Your Business

Understand your financing needs and options!

Cash Flow Template

This pre-made excel spreadsheet is available to track total monthly inflows and outflows of cash.  This version contains pre-calculated cells to automatically sum totals.  A cash flow statement is a helpful tool in visualizing where and when cash is coming in or going out.

Financing your Business

So you need money to start or expand your business. But the prospect of seeking financing can be daunting. Where do you start?  What types of financing are available?  There are many good sources from which you can borrow money for your business (debt financing) or get investors (equity financing).  First, figure out how much you need to finance by preparing a thorough business plan.

Cash Flow Forecasting and Break-Even Analysis

A cash flow projection reflects factors such as terms extended to customers, supplier terms, seasonal variations, and other factors that influence when cash will actually come.  A break-even analysis examines the interaction of fixed costs, variable costs, price, and unit volume to help you determine what combination of elements is necessary to break even. It cannot be overstated that Cash Flow Is King!  Knowing your cash position at any given time is critical to increasing the survival chances of your business.


This document ALSO containts instructions on how to use our resource Cash Flow Template, also found in the resource library.

Income Statement and Balance Sheet Templates

This pre-made excel spreadsheet makes available templates for income statements and balance sheets.  These statements are helpful tools for understanding revenues versus expenses, and assets versus liabilities, providing the business owner with an understanding of their financial position.

Keep Pointed Towards Profit

Why do some business owner/managers hit the profit target more often than others? They do it because they keep their operation pointed in that direction. This aid gives suggestions that should help an owner/manager to zero in on profit. It points out that you must keep informed, make timely decisions, and take effective action. In effect you must control the activities of your company rather than being controlled by them.

How to Improve the Profitability of Your Business

Profit is residual. It is the consequence of what happens in and to your business.  Some of these things are within your control and some of them are outside your control. If you’re going to have any effect on your profit, you have to focus on those things over which you have control… so, what are they?

Financial Management for Small Businesses

One of the keys to business success is the ability to interpret financial statements and make good decisions based on the information. In fact, a primary cause of business failure is poor financial management, including the misinterpretation of financial statements and inappropriate action taken as a result.

This guide will help you understand basic financial principles that must be applied to your business to improve your bottom line. By the time you complete the course, you will be comfortable with the functions of cash flow management, credit and collections, cost/profit/volume relationship and important business ratios.


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Financial Understanding for Small Businesses

Even if you use a bookkeeper and/or accountant, it is imperative that you understand the financial side of your business. This introductory-level guide takes you through practical exercises to help you understand the type of information financial statements provide.

After completing the workbook you will be able to: read balance sheets, income statements and cash flow statements, understand cost of goods sold and margins and recognize the difference between sales and profit.


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Financial Fitness: What is Your Credit Rating?

If you're thinking about getting a loan to for your business, you need to understand your financial fitness.  Your credit rating is your history of repaying loans, credit cards or other financial obligations. It assesses your track record, how much you currently owe, what your payment amounts are, and gives you an overall score.

Choosing your Accounting Software Program

One of the most invaluable and often neglected tools of running a business is the maintenance of a bookkeeping system. Often "doing the books" is the last item a small business owner wants to deal with, but the information that can be provided by creating financial statements is often the lifesaver of a business. Financial statements tell you how your business it doing, whether or not you are meeting your goals and whether or not you can meet financial commitments.