Step 2:2 List Your Assets

Assets can determine what funding programs may be available to you today. More will open up as you build business credit.

  • Module 2: Getting Approved

    Step 2.2: List Your Assets

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List Your Assets

In the section you will complete the following:

  1. Complete your personal financial statement
  2. Complete your business financial statement

  • Asset Based Funding for Business

    Your existing assets can act as collateral for obtaining new business credit accounts and funding. Financing and available credit based on assets can open many creative options for your business.

    There are funding programs based on certain types of revenue streams that can qualify you for funding while others are based on assets that can be used to acquire working capital. To maximize your business credit you will need to have access to working capital in order to make down payments, initial purchases, etc.

    ***Special Note***

    You can build business credit without having or using assets, but leveraging assets can provide a means to working capital. If used properly, it can even expedite the business credit building process.

  • List Your Personal Assets

    Do the owners own residential real estate?

    What is the current market value of the property?

    Whats is currently owed against the property?

    What is the value of IRA & 401K investments?

    Complete your personal financial statement by clicking on the download link below. It’s essential to have this document on hand for completing a credit application or if a lender or bank requests your personal financial statement.

[membership_download style="2"][/membership_download]

  • List Your Business Assets

    What is the amount of outstanding invoices you have with customers?

    What is the current amount of existing purchase orders?

    What is the total value of equipment owned outright by the business?

    Complete your business financial statement by clicking on the download link below. It’s essential to have this document on hand for completing a credit application or if a lender or bank requests your business financial statement.

[membership_download style="2"][/membership_download]
  • 1

    Task to Complete

    Complete your Personal Financial Statement

  • 2

    Task to Complete

    Complete your Business Financial Statement