3.28.19_Understanding Financial Documents
When you're writing a business plan to submit to lenders, there are several elements that the lender will take into consideration. Along with components such as the business description, operational plans, and marketing tactics, they'll also be looking at your financial projections! In this workshop FirstBank's Drew Esquivel will walk you through the various documents that you should understand as a business owner, in the business planning stage and beyond!
We'll cover...
- Profit & Loss statement
- Balance sheet
- Budgeting
- Break-Even analysis
- Ratios to measure success
- Financing options
About the presenter
Drew Esquivel is a bilingual Banking Officer with FirstBank in Greeley, CO. His primary responsibilities are lending, business development, community involvement, and branch management. Drew graduated from Colorado State University with a bachelor's degree in business administration with an emphasis in marketing research, data and analytics. Drew has been married for five years to his wife Katie and they have a newborn daughter. In his free time Drew enjoys reading, movies, fishing, archery, and spending time with his family.
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