Personal Financial Statements

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January 12, 2025

by a searcher from Brigham Young University in Atlanta, GA, USA

Question, when in the NDA process and the broker sends you a personal financial statement is it acceptable to include the SBA loan you intend to use so you are not financial excluded due to cash on hand?

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Reply by a searcher
from University of North Texas in San Antonio, TX, USA
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Depending on the stage where you are at in discussions with the broker, I would think that it would be a little premature. You don't have enough information. For me, the broker is just trying to weed people out or vet who can pay the highest price. You should vet the broker and then proceed with caution.
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Reply by a searcher
from Brigham Young University in Dallas, TX, USA
I would only do that if you note that it’s cash from an sba loan so you don’t caught looking dishonest. Sometimes right after the PFS I’ve had brokers ask me for a monthly statement from the account that’s holding the cash from the pfs and that would be awkward.

To counteract looking financially unable to do the deal you can create a sheet of your potential investors/shareholders that shows financial strength (or put that on your website).
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