A commercial financing involves an analysis of business financials i.e. three years tax returns and Current Year to Date P&L and the borrower/s personal financials i.e. three years tax returns and pay stubs for current year. Commercial lenders in general and if applicable, the SBA, will require a business plan/executive summary to support the loan [...]
Inn Operations & Marketing
Setting Up Your Books: An Overview of Inn Accounting and Bookkeeping
By Hugh A. Daniels, BS, MBA While you are busy looking at properties, considering what decor you might want, what should the name be, should we incorporate, dreaming of that opening day, don’t forget the less glamorous, but equally important plan of how you will handle your accounting, plus who will provide your bookkeeping services. [...]
