Part Seven
TOOLBOX
WORKING WITH YOUR BANKER
The key element of working capital is cash, and if you don’t have enough to finance your operations, you will need a loan. Many entrepreneurial companies, indeed, establish ongoing relationships with a bank and get loans regularly. One of the benefits of learning the material presented in this book is that you will be able to talk your banker’s language. You’ll be able to present the banker with a detailed analysis of your company’s financial picture. You’ll be able to show exactly why a loan makes financial sense and how you will repay it. You’ll also be able to point out your financial strengths, identify your financial challenges, and discuss what you are planning to do about the latter.
When you ...
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