credit score 650 or greater debt to income ratio 45% or less net worth is it liquid are assets...
TRANSCRIPT
BANKING FOR BISON
PERSONAL FINANCIAL CONDITION
Credit Score 650 or Greater www.freecreditreport.comDebt to Income Ratio 45% or LessNet Worth Is it Liquid Are Assets Inflated
BUSINESS PLAN
1. Executive Summary2. Market Analysis3. Company Description4. Organization & Management5. Marketing & Sales6. Service or Product Line7. Funding Request8. Financials9. Appendix – As Needed
EXECUTIVE SUMMARY
1. Overview of Entire Plan2. History3. What and Where4. Attention Grabber5. Why is it Successful6. Last Section You Write
MARKET ANALYSIS
1. Knowledge of Industry2. Industry Description3. Target Market4. Highlights and Conclusions of
Marketing5. Competition
COMPANY DESCRIPTION
1. Forming a LLP, LLC, or Corp.2. Who3. Where
ORGANIZATION & MANAGEMENT
1. Structure2. Again With The Who?3. Ownership4. Pofiles - Appendix
MARKETING & SALES MANAGEMENT
1. Strategies2. Customers3. Where And When Are Sales
SERVICE AND PRODUCT LINE
1. What Are We Selling:2. Hunt?3. Meat?4. Breeding Stock?
FUNDING REQUEST
1. Amount2. Terms3. Starting?4. Expanding?5. Different Scenarios - Appendix
FINANCIALS
1. Current2. Historical – Owned or Expansion3. Prospective – 3 years
APPENDIX
1. Catch All2. Resumes3. Pictures4. Projections5. Plans6. Market 7. Articles
CHOOSING A BANK
Relationship Types Market Location
PICK A LENDER
Ag Lender Experience Comfort Level
WHAT IS EXPECTED FROM ME
New & Existing Operations1. Personal Financial Statement2. Entity Financial Statement3. Tax Return4. Income Verification5. Debt Verification6. Business Plan7. Pro Forma Cash Flows and Balance Sheets
WHAT IS THE LENDER LOOKING AT
Five C’s Of Credit1. Character2. Capital3. Capacity4. Collateral5. Conditions
CHARACTER
1. Management Ability2. Longevity3. Expertise – Team of Experts4. Integrity – Solid Business Plan5. Relationships6. Reputation
CAPITAL
1. Assets2. Liabilities3. Financial Structure4. Financial Terms5. Financial Strength6. Stability7. Adequate Liquidity
CAPACITY
1. Repayment Ability2. Historical Earnings3. Projected Earnings4. Coverage Ratios or Repayment Ratios5. Verifiable Market Plan
COLLATERAL
1. Collateral Detail2. Operating – Market Livestock3. Term – Breeding or Equipment4. Long Term – Real Estate5. Values6. Percent of Loan to Value – 65%7. Documented Market Prices
CONDITIONS
How is the Bank going to manage the credit risk?
1. Length of Term2. Inspections3. Covenants4. Payment Schedules5. Equity Requirements
QUESTIONS ? COMMENTS?
How do I get financing for both land and livestock?
Can I run animals as a absentee owner? Can I buy land and at some point in the
future use equity to purchase livestock?