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Review - 4 – Financial Future Assessment

(Last Updated: 6/15/2020)

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New financial projections and assessments must be put together based on the current situation. Begin by reviewing the questions below and then the topic-specific resources.
  • Have you completed a cash flow forecast?
  • Have you done financial projections that incorporate the current situation? Will you be able to afford current debt payments?
  • Will you be able to reopen using existing financial resources (from the business or your own)?
  • Will you need to look for additional financial resources from investors, banks, lenders, or a mix?
  • If you are seeking financing, for what reason are you seeking the money? And how much you will need?
  • Using these financial tools, have you analyzed the business’s financial health? After reopening, how long will current financial resources last if revenue is slow?

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To help sort out your responses, reach out to the New York SBDC nearest you in order to schedule a confidential, one-on-one session with an advisor.