#12 What's Your "Net?" Speaking the Language of Your Small Business Lender

Small Business loan applications contain an interesting mix of personal and business questions, but a true business always shows some sales. But how much did you have left over after expenses? Are you showing any profit? Small business bankers are interested in all of those, but chief among the questions is those gross receipts or sales, and what you have left over after expenses (net income). Do you know your numbers? Here are a few minutes to getting to the answer of “yes.”