Capital Funding

Looking for some funding from a bank or investor to partner with and purchase a well researched property to resale for a very hefty profit. Anybody out here interested or could point me in a direction?


thank you

HIC, LLC

Comments

  • Hi

    To prepare your business for funding, you have to first make sure your financial statements are very healthy and project your business / you in "good standing" i.e. the balance sheet should not show a loss. That tells the money lender (typically a bank) that you cannot repay the loan, and they might refuse it.

    If you are not using an accounting system, I would strongly recommend that bookkeeping for the past 3 fiscal years is a must, to show a healthy profit-and-loss each year.

    If the 3 consecutive fiscal years show some profit, it means the company can pay off loans as its revenue covers its costs.

    Happy to help. Call us at 832 243 6050, https://Krushnaakash.com/bookkeeping

    or contact us - https://krushnaakash.com/contact-us

    We also offer discounted QuickBooks subscriptions as a certified ProAdvisor company.

  • P.S. Again, if you are a business, make sure you have filed the franchise tax / no-tax-due report every year before the deadline to maintain "good standing"