The Paycheck Protection Program ends on August 8, 2020. We will stop sending applications to lenders on August 7, 2020 at 10:00 PM EDT/8:00 PM MDT. We anticipate that an extension to the deadline for the Paycheck Protection Program may pass in the coming days. Lendio will continue to accept applications in the interim and, if Congress passes an extension, Lendio will submit your application to our lenders when the Paycheck Protection Program resumes.
The Small Business Owner’s Guide to Financial Forecasting

Aug 10, 2019

The Small Business Owner’s Guide to Financial Forecasting

No matter the size of your business, financial forecasting is vital—even if you haven’t officially started your small business yet. It is essential in order to receive funding from banks or investors; furthermore, a financial forecast is necessary for you to understand how to ensure your business will succeed.

Starting a business is undeniably difficult, and predicting how the business will do in the future is hard. It can also a surprisingly emotional process. These difficulties can be compounded when the broader economy is volatile. Even still, a financial forecast is fundamental to understanding what success for your small business looks like in dollars and cents.

About the Author

Barry Eitel

Barry Eitel

Barry Eitel has written about business and technology for eight years, including working as a staff writer for Intuit's Small Business Center and as the Business Editor for the Piedmont Post, a weekly newspaper covering the city of Piedmont, California.

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