Rules of banking

1. Don’t deposit operating funds into a savings account
2. Consider Certificates of Deposit (CDs) as a place to stash cash
3. Never allow maturing CDs to roll over automatically
4. Shop around before you sign
5. Ditch the ATM card

Prepare for meeting with a bank loan officer with:

• Financial statements for your existing business
• Accountant-prepared financial projections and cash flow analysis
• Owner’s personal financial statements and tax return
• Background information and experience of owner(s)
• Marketing feasibility study for the project