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197 Search Results

197 Search Results

Guide to Typical Small Business Loan Requirements

Guide to Typical Small Business Loan Requirements

https://www.sofi.com/learn/content/business-loan-requirements/

…and balance sheets •  Proof of collateral •  Copy of your commercial lease •  Disclosure of other debt •  Legal contracts and agreements Recommended: Alternative to Small Business Loans How to Increase Your Chances…


Delayed Draw Term Loan (DDTL): Defined and Explained

Delayed Draw Term Loan (DDTL): Defined and Explained

https://www.sofi.com/learn/content/delayed-draw-term-loans/

…renew? No Yes Can they be used for acquisitions? Yes No Qualifying Harder Easier Rules Simple Complicated Recommended: How Trial Balance Sheets Work Delayed Draw Term Loan Example Agreement As…


Advantages and Disadvantages of GAAP vs Tax-Basis Accounting

Advantages and Disadvantages of GAAP vs Tax-Basis Accounting

https://www.sofi.com/learn/content/tax-basis-vs-gaap/

…accounting are ways to record the financial transactions of a business. Both provide a standardized presentation of a business’s financial performance and positioning, such as income statements and balance sheets,…


Guide to Business Loans for Cafes and Coffee Shops

Guide to Business Loans for Cafes and Coffee Shops

https://www.sofi.com/learn/content/cafe-and-coffee-shop-loans/

…one in operation. The list may include: •  Personal and business bank statements •  Personal and business tax returns •  Resume (for you and any other owners) •  Business license and registration •  Balance sheets


Understanding Pro Forma Income Statements

Understanding Pro Forma Income Statements

https://www.sofi.com/learn/content/pro-forma-income-statement/

…Business Balance Sheets When Do Businesses Use Pro Forma Income Statements? Under normal conditions where you have no unusual expenses or revenues, you would use a traditional income statement. But…


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