If you are trying to expand your existing business you will likely be asked by your lender to provide financial projections to demonstrate your predicted growth. Especially if you are seeking an SBA loan for expanding your business. It is important to show how your expansion will impact cash flow and the profitability of your business to ensure repayment is likely and will not hinder existing business operations.
Template price: $
197
After helping thousands of new startups create financial projections for investors and startup loans for more than 70 different industries and business models, we decided to create a versatile financial projection template for existing businesses as well. This financial model makes it easy for established businesses to generate lender-ready financial projections as well as generate a rough valuation.
The template price: $
197
USD
100% money-back guarantee for 30 days!
ProjectionHub’s existing business forecast financial model allows you to enter in specific details about the business historical financials and its projected trajectory:
After purchase, you will download an unlocked Excel file with a ready-to-use financial projection template for your business model. You can also open the file to use in Google Sheets!
When projecting revenue for an existing business expansion, it makes sense to start with the historical financials. Our template gives you the ability to create a base to project off of using your historical financials. You can input up to 5 years of historical data including monthly detail for the current year. From there you can select how you would like to project revenue for each revenue line item. Your revenue forecasting options include:
Once you have a base monthly revenue calculated, you can increase or decrease each revenue line by a percentage or manually forecast revenue based upon your businesses planned expansion.
Profit and loss at a glance table
Use of start-up funds graph
Key ratios table
Cash generated from operating activities graph
Investor dashboard
5 years of monthly and annual income statement, cash flow and balance sheet reports
We can fill out or modify any of the templates we sell, and we’re always happy to answer questions.
When you call us, you can speak directly to the developers of the model, not a call center or customer service representative.
Contact us in the most convenient way for you. We're here to help you
If the model doesn’t work for you, we’re happy to provide a refund.
If you hired a CPA to build this template from scratch it would take at least 20 hours of billable time to build a similar template. At an average hourly rate of $100 per hour it would cost you $2,000.
20 hours X $100 = $2,000 value
The template price: $
197
USD
100% money-back guarantee for 30 days
Before joining ProjectionHub, Grace served as an auditor for a public accounting firm in Indianapolis. There, she audited start-up tech companies, major regional hospitals, public manufacturers and everything in between.
As an auditor, she gained insight to the inner workings of all kinds of business models. Grace is a CPA, has a bachelor’s degrees in Accounting and French and a Master’s of Accountancy all from the University of Iowa, where she also taught introductory accounting classes to undergraduates.
Grace loves to use her accounting expertise to serve as an advisor to her clients, helping them understand what it takes to make a business succeed.
Adam is the co-founder of ProjectionHub which is a SaaS web application that helps entrepreneurs create financial projections for their business.
Since 2012, over 40,000 entrepreneurs from around the world have used ProjectionHub to help create financial projections.
Adam also serves as the Executive Director of Bankable. Bankable is a Small Business Administration (SBA) lender that makes loans from $500 to $250,000 to Indiana small businesses that are unable to secure financing from a traditional bank.
Adam has managed the loan program since loan #1 in 2010. Since 2010, Bankable has closed over 1,200 loans totaling over $38,000,000. Adam is an entrepreneur at heart and loves working with entrepreneurs to launch and grow their business.
We'll answer your questions about how the template works
We can help you customize your template, add revenue models, expenses or custom charts, tables and graphs -> with our financial modeling services
According to SBA.gov eligible businesses must operate for profit, operate in the United States or its territories, have equity to invest in the business, and attempt to secure financing through an alternative source first like from a bank. There is also a list of details that can render a business or person ineligible from receiving an SBA loan. Some of these include specific industries that are ineligible like gambling, lending, or illegal activities. And personal ineligibilities like if you've defaulted on a federal loan before or you have a criminal record including any felonies which can complicate the process of attaining an SBA loan.
Many lenders will require for a business to be in operation for at least a year or perhaps even longer to be considered for a business loan. This is often because they will want to review some business tax returns during the application process. SBA microlenders are a good option for businesses that are brand new or less than a year old when needing a business loan.
There is technically not a minimum credit score required for an SBA 7a loan, but the applicants credit score does significantly impact the likelihood of approval depending on the other strengths of your loan application and why certain blemishes may exist on your credit report. However, most SBA 7a lenders are also banks or have other lending programs which may require a certain credit score which the lender may apply to all lending programs. Often times a credit score of 640 or higher is necessary, but not required.
Down payment amounts when trying to get an SBA loan may differ based upon the lender you are applying with and the strength of your specific loan application. Typically the minimum requirement by SBA standards is 10% but this could be higher based upon lender requirements or the predicted risk of your application. Also, different SBA loan types can have different down payment requirements.
