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Updated about 17 years ago on . Most recent reply
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Business model / Profit estimation formulas?
In setting up the new investment company I will need to come up with a business model and some form of profit projections before the bank will issue a business line of credit to me... Does anyone have some good examples that I could view?
I know no one persons goals/model are going to be the same, but it would be nice to see other views on the topic and how you all arranged bank financing.
Do not get me wrong this is not for a mortgage, just for the business working capital.
FWIW the bank is very eager to see the business model and establish a line of credit... This blew me away as I thought they would boo hoo me right off the bat for a real estate investment company in this market. It is a local bank and they know me (I have my other business banking setup there already, just business checking though), so that might make a difference as well.
Thanks!