Found Money

A Loan Of Your Own

Consider Jian's LoanBuilder ($49), touted as "complete software for financial analysis and preparation of loan applications." It provides the documentation you need to get money quickly.

Once you've chosen a loan to pursue, you're ready to apply LoanBuilder's software. Like other Jian packages, LoanBuilder includes templates and other components, such as:

Documents: Loan proposal summary letter, executive summary, schedule of business debt, promissory note;

Spreadsheets: Balance sheets, cash flow statements, income statements, historic-ratio analysis; and

Forms: Universal business loan application, SBA forms, IRS forms.

LoanBuilder focuses on the Small Business Administration (SBA) as a prime funding source. It devotes a chapter to understanding the SBA's loan programs and choosing the appropriate one. LoanBuilder comes with JetForm Filler, a utility that lets you enter data in the SBA's official forms.

Finally, LoanBuilder tells you which documents to include in your loan application and suggests what to do if you're turned down. Giving up is not an option: As the manual says, "Attaining full creditworthiness can take up to three years."

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This article was originally published in the September 1998 print edition of Entrepreneur with the headline: Found Money.

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