Secrets to Business Loan Approval 2019 Bliss Finance

Secrets to Business Loan Approval ©� 2019 Bliss. Finance LLC All Rights Reserved

1. I’m a Veteran/Service Disabled Veteran—the VA will give me a business loan. 2. The SBA does not make direct loans to small businesses. ©� 2019 Bliss. Finance LLC All Rights Reserved

Role Play Time! ©� 2019 Bliss. Finance LLC All Rights Reserved

• Test Source: http: //www. nifter. com https: //en. wikipedia. org/wiki/File: The_Dating_Game. jpg ©� 2019 Bliss. Finance LLC All Rights Reserved

Secret # 1: Right Match? ©� 2019 Bliss. Finance LLC All Rights Reserved

Secret # 2: Dress to Impress! ©� 2019 Bliss. Finance LLC All Rights Reserved

Personal Tax Return • 2 -3 years with all schedules • Line 7 • Schedule C • Schedule E ©� 2019 Bliss. Finance LLC All Rights Reserved

Personal Financial Statement Source: SBA Form 413 ©� 2019 Bliss. Finance LLC All Rights Reserved

Personal Financial Statement Source: Wallis State Bank Personal Financial Statement ©� 2019 Bliss. Finance LLC All Rights Reserved

Do’s and Don’ts X X Correction fluid ©� 2019 Bliss. Finance LLC All Rights Reserved

Business Tax Return • 2 -3 years • Net Income • Depreciation • Interest ©� 2019 Bliss. Finance LLC All Rights Reserved

Balance Sheet Profit and Loss Source: Quick. Books Resource Center ©� 2019 Bliss. Finance LLC All Rights Reserved

Additional Documentation Requirements • Commercial Loan Application • Accounts Receivables • Inventory List • Business Debt Service Schedule • 2019 Projections • Business Bank Statements • Business Plan • Additional SBA Forms ©� 2019 Bliss. Finance LLC All Rights Reserved

Secret # 3: Deep Understanding. . . Cs t i d Source: You. Tube https: //youtu. be/r. CH 3 w_Lnm. HE©� 2019 Bliss. Finance LLC All Rights Reserved f O e r C

CHARACTER • Credit • Personal • Business Personal Business Equifax Experian • Management • Integrity • Ability Transunion D&B Paynet FICO SBSS ©� 2019 Bliss. Finance LLC All Rights Reserved

Credit Profile • Free Consumer Credit Reports www. annualcreditreport. com • Self Update Dun and Bradstreet Report https: //iupdate. dnb. com/i. Update/ ©� 2019 Bliss. Finance LLC All Rights Reserved

Personal Credit Scores • Payment History • Amount Owed • Length of Credit History • New Credit • Types of Credit ©� 2019 Bliss. Finance LLC All Rights Reserved

Credit Tips • On-Time Payment • Utilization Ratio • Fix Errors • Timing ©� 2019 Bliss. Finance LLC All Rights Reserved

CAPITAL • Percentage • Leverage ©� 2019 Bliss. Finance LLC All Rights Reserved

How Many Closures? A. 50, 000 B. 100, 000 C. 401, 000 Source: Annual Report of the Office of Economic Research, FY 2016 ©� 2019 Bliss. Finance LLC All Rights Reserved

COLLATERAL • Value • Lien ©� 2019 Bliss. Finance LLC All Rights Reserved

CONDITIONS • Industry • Stress Test ©� 2019 Bliss. Finance LLC All Rights Reserved

CAPACITY • Debt Service Coverage Min 1. 25 X • Global Cash Flow ©� 2019 Bliss. Finance LLC All Rights Reserved

CASE STUDY $100, 000 term loan, 5 years, 5% Business Cash Flow $80, 000 Personal Cash Flow $20, 000 Total Business Debt $32, 000 Total Personal Debt $30, 000 P&I=$1887. 12 Annual=$22, 645. 44 ($1887. 12 X 12) ©� 2019 Bliss. Finance LLC All Rights Reserved

It’s Math Time! Business Cash Flow + Personal Cash Flow Business Debt Service+ Personal Debt Service $80, 000+ $ $32, 000+ $ = $100, 000 $ 62, 000 = 1. 61 X $80, 000+ $20, 000 = $100, 000 $32, 000+ $30, 000+$22, 645. 44 $ ©� 2019 Bliss. Finance LLC All Rights Reserved = > 1. 25 X = 1. 18 X

How Much Can I Get? TCF = 1. 25 TDS $100, 000 1. 25 TCF = TDS X 1. 25 = TCF = TDS 1. 25 $80, 000 (Maximum Total Debt) $80, 000 -$62, 000 (Existing Debt) = $18, 000 (Maximum New Debt) ©� 2019 Bliss. Finance LLC All Rights Reserved

Reduce Loan Amount! $75, 000 Loan amount = $1415. 34 X 12 = $16, 984. 08 $80, 000+ $20, 000 = $100, 000 $32, 000+ $30, 000+$16, 984. 08 $ ©� 2019 Bliss. Finance LLC All Rights Reserved = 1. 27 X

Loan Commitment. . . ©� 2019 Bliss. Finance LLC All Rights Reserved

Now What? • Kiss More Frogs • Dating Coach • UHSBDC • SCORE • Options ©� 2019 Bliss. Finance LLC All Rights Reserved

©� 2019 Bliss. Finance LLC All Rights Reserved

The C. A. S. H. Formula (Credit. Assets, Savings, Health) ©� 2019 Bliss. Finance LLC All Rights Reserved

Wen. Fang Bruchett Founder wenfang@ blissfinance. com ©� 2019 Bliss. Finance LLC All Rights Reserved Bliss. Finance. com Contact: 713 -570 -6806