This document provides an overview of financing options, the role of accountants, components of an effective business plan, and financial documents needed for a business loan. It discusses sources of financing like commercial lenders, government programs, and secondary markets. It also outlines the accountant's knowledge of financing sources and tax implications, and components of a business plan like purpose, description, management, products, and financial projections. Finally, it lists financial documents required for a loan like tax returns and financial statements, and considerations for loan structuring like repayment terms and debt amortization.

1. An Accountant’s Perspective
on Starting a New Business
Chaim Yudkowsky, CPA

2. Sources of Financing
Commercial Lenders
Government Programs
• Job creation
• Job retention
Secondary Markets
• Brokers
• Commercial Finance Companies
• Insurance Companies
• The Money Store!

3. Role of the Accountant
Knowledge of Financing Sources
Knowledge of Lenders
Understanding Your Business
Knowledge of How to Structure Your
Loan from a Tax Viewpoint
Preparation of Documents -
Who is Responsible?

4. Suggestive Business Plan
Components
Purpose
Introduction
Description of Business
Management of Business
Description of Service/Products
Financial Information
Additional Information
Intangibles
Good Luck!!

5. Financial Components Necessary for
a Business Plan/Loan Package
Business Tax Returns
Personal Tax Returns
Historical Financial Statements
Projected/Forecasted
Financial Statements
Financial Graphs
Current Financial Statements

6. Loan Structuring
Repayment
• Term
• Line of Credit
Amortization of New Debt
• Structuring
• “Holidays”

7. Where to Get Help?
SBA/SBDC/CEBO/SBI’s
SCORE
CPA
Attorney
Commercial Banks
Library
MSBDFA
MIDFA
Local Jurisdictions
Chambers of Commerce

8. Questions and Comments

9. Thank you

10. Thank you