Documentation that may be needed for the Liabilities section of the personal

Documentation that may be needed for the liabilities

This preview shows page 28 - 31 out of 34 pages.

Documentation that may be needed for the Liabilities section of the personal financial statement Loan statements Credit card statements Mortgage statements Taxes owed Any other accounts or payments due Documentation that may be needed for the Sources of Income section of the personal financial statement W-2 Paycheck stubs Dividend income received Real estate income payments Any other income documentation Please download and review Appendix 9 for a personal financial statement template. The personal finance template outlines information that conventional lenders will want to know
Image of page 28
Page 29 of 34 about a business owner’s personal finances, from a description of assets and liabilities to identification of sources of income. 2. Financial History and Analysis Financial History and Analysis are critical pieces of your business plan as they show historically how your business has operated financially and can be used to help plan for the future. Items that you may want to include in the Appendices of your business plan are as follows: Year-End Balance Sheet - The balance she