Lynxhollow Funding in Walla Walla, Washington publishes a Washington reseller permit guide and a DSCR business loan calculator, plus notes on preparing for a loan, writing a short business plan for a loan request and a documents checklist, using a winery as the example.
The Washington reseller permit for Walla Walla, WA stores, wineries and contractors
The Washington reseller permit guide covers looking up, applying for, renewing and verifying a permit, and why a funding partner may ask for the business's state tax details.
A debt coverage check before a Walla Walla, WA business borrows
The DSCR business loan calculator turns an amount, a rate and a term into a monthly payment, then shows how to divide yearly operating income by a year of payments to get the coverage ratio a lender reads.
How to prepare for a small business loan as a Walla Walla, WA winery
- Pull twelve months of business bank statements and the last two business returns.
- Write down what the money buys, with a quote or a price.
- List every existing loan, lease and line payment.
- Work out the coverage ratio with the new payment included.
- Check the owner's personal credit reports and correct any errors.
- Phone (509) 357-1746 or send the web form when the purpose and the price are clear.
County Business Patterns counted 74 winery employers in Walla Walla County, WA in 2023, and 32 of them had fewer than five employees, so the owner is often the one doing every step above.
A business plan for a loan request from Walla Walla County, WA wineries
A partner funding an established winery reads its records more than its plans, but a short written plan helps when the money is for something new: a bottling line, a tasting room, or a larger production run. Keep it to two pages: what the money buys and what it costs; how sales will change because of it; the monthly sales and costs for the year after, with estimates marked as estimates; and how the new payment is covered.
Last year's actual figures go first, then this year to date, then the projection, so a partner can see the plan is built on the record.
Business loan documents checklist for Walla Walla, WA wineries
- Business bank statements for recent months
- Business tax returns for two years, plus owners' personal returns for a young winery
- A profit and loss statement and balance sheet for this year to date
- An inventory report: cases and barrels on hand, at cost
- Receivables from wholesale accounts, by age
- Equipment quotes and the lease for production or tasting space
- A schedule of existing loans, leases and lines
The request stages shows when each record comes up; none is needed to send the first request.
By Lynxhollow Funding ยท Updated