Mintmead Funding, a small-business funding service in Louisville, Kentucky, publishes longer articles for local owners: business loans for real estate agents, liquor store financing, a loan to buy a hotel, buying an independent insurance agency, and how to build a cash flow forecast before asking for funding.
How to make a cash flow forecast? A short answer for Louisville, KY
List the money expected in and out, week by week or month by month, for the life of the funding you are weighing. Put the new payment in as its own line. If any month ends below zero, the structure or the term needs to change. Agents paid at closing feel this gap; the article on business loans for real estate agents works through it.
How to make a cash flow forecast in Excel: what Louisville, KY owners should check
One row per item, one column per month, a total row for money in and one for money out, and a running balance at the bottom. Check that the opening balance matches the bank statement and that every recurring bill appears in every month it falls due. A liquor store's stock orders are one such recurring line; the liquor store financing article looks at them.
How to do a cash flow forecast in Xero? How it plays out in Louisville, KY
Accounting software can project from invoices and bills already entered, which saves typing but misses costs not yet billed. Add planned purchases and the new payment by hand. A hotel buyer's forecast needs both the operating figures and the purchase; the article on getting a loan to buy a hotel lists them.
How to improve cash flow in a construction business? Notes for Jefferson County, KY businesses
Bill each draw the day it is due, track retainage as its own line, and pay suppliers on their terms rather than early unless a discount pays for it. Agency buyers face a different version of the same question, matching a purchase payment to commission income; the guide to buying an independent insurance agency covers it.
Construction cash flow forecast for owners in Jefferson County, KY
A construction forecast is built job by job: costs by week from the schedule, draws by the date they are expected to clear, retainage at the job's end. Add the jobs together for the company view, and size any line of credit to the deepest week, not the average one.
By Mintmead Funding · Updated