{"id":4438,"date":"2016-04-04T10:47:30","date_gmt":"2016-04-04T15:47:30","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/smallbusiness\/business-finances\/finance-banking-forms-and-contracts.html"},"modified":"2024-08-12T14:42:35","modified_gmt":"2024-08-12T19:42:35","slug":"finance-banking-forms-and-contracts","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/smallbusiness\/business-finances\/finance-banking-forms-and-contracts.html","title":{"rendered":"Finance and Banking Resources"},"content":{"rendered":"\n<div class=\"fl-sectionWithSidebar fl-container fl-flex fl-flex-wrap fl-gap30  wp-container-core-columns-is-layout-9d6595d7 fl-sectionWithSidebar fl-container fl-flex fl-flex-wrap fl-gap30\">\n    \n    <div class=\"fl-section-main fl-page-articles fl-section-main fl-section-main-full-width\">\n        <h1 class=\"fl-no-margin-top\">Finance and Banking Resources<\/h1>\n<section class=\"fl-gutenberg-byline\">\n    <div class=\"fl-gutenberg-byline-content\">\n                    <p><i>Created by <a href=\"https:\/\/www.findlaw.com\/company\/our-team.html\">FindLaw&#8217;s team<\/a> of legal writers and editors<\/i><\/p>\n\n                | Last updated\n        <time>\n                            August 12, 2024\n                    <\/time>\n    <\/div>\n\n            <div class=\"fl-gutenberg-byline-editorial-note fl-text-sm\">\n            <p>Editorial Note: We earn a commission from affiliate partner links on FindLaw. Commissions do not affect the editorial integrity of our legal content.<\/p>\n\n        <\/div>\n    \n    <details class=\"fl-gutenberg-byline-toggle fl-gutenberg-byline-legally-reviewed\">\n        <summary>\n            <i class=\"fl-gutenberg-byline-icon\" aria-hidden=\"true\"><\/i>\n            Legally Reviewed\n        <\/summary>\n\n        <div class=\"fl-gutenberg-byline-toggle-content\">\n            <p><em>This article has been written and reviewed for legal accuracy, clarity, and style by <a href=\"https:\/\/www.findlaw.com\/company\/our-team.html\">FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with <a href=\"https:\/\/www.findlaw.com\/company\/company-history\/editorial-policy.html\">our editorial standards<\/a>.<\/em><\/p>\n\n        <\/div>\n    <\/details>\n\n    <details class=\"fl-gutenberg-byline-toggle fl-gutenberg-byline-fast-checked\">\n        <summary>\n            <i class=\"fl-gutenberg-byline-icon\" aria-hidden=\"true\"><\/i>\n            Fact-Checked\n        <\/summary>\n\n        <div class=\"fl-gutenberg-byline-toggle-content\">\n            <p><em>The last updated date refers to the last time this article was reviewed by FindLaw or one of our <a href=\"https:\/\/www.findlaw.com\/company\/our-team\/contributing-authors.html\">contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please <a href=\"https:\/\/lawyers.findlaw.com\/?fli=bylinelink\" target=\"_blank\" rel=\"noopener\">contact an attorney in your area<\/a>.<\/em><\/p>\n\n        <\/div>\n    <\/details>\n<\/section>\n<p>Opening up bank accounts, getting lines of credit (if needed), and <a href=\"https:\/\/www.findlaw.com\/smallbusiness\/business-finances.html\">managing your finances<\/a> are crucial aspects to running a small business. Sure, you&#8217;d rather devote all your time and energy to actually running your business and following your passion &#8212; but without adequate resources and smart <a href=\"https:\/\/www.findlaw.com\/smallbusiness\/business-finances\/the-importance-of-cash-management.html\">cash-flow management<\/a>, it won&#8217;t last very long. Whether you&#8217;re about to start your first business or you&#8217;re a serial entrepreneur looking for new angles, the following information will help you find the right finance and banking resources for your business.<\/p>\r\n<h2>Financing Your Business: Resources<\/h2>\r\n<p>There are many ways to finance your business and no one method is right for everyone. Most businesses start out small, perhaps with loans from <a href=\"https:\/\/www.findlaw.com\/smallbusiness\/starting-a-business\/getting-money-from-family-and-friends-for-a-business.html\">friends and family<\/a> and a simple home office, while others need more substantial resources just to get off the ground (whether it&#8217;s a bank loan or equity investments). Your <a href=\"https:\/\/www.findlaw.com\/smallbusiness\/starting-a-business\/writing-a-business-plan-faq.html\">business plan<\/a> will help you determine <a href=\"https:\/\/www.findlaw.com\/smallbusiness\/starting-a-business\/sample-estimate-of-start-up-costs.html\">what you&#8217;ll need<\/a> to reach your goals. The following resources correspond to the most common forms of business financing:<\/p>\r\n<p><b><i>Loans<\/i><\/b><\/p>\r\n<ul>\r\n<li><a href=\"https:\/\/www.findlaw.com\/smallbusiness\/business-finances\/loan-package-documents-and-information.html\">Business Loan Application Checklist<\/a> &#8211; Checklist of which information and documents you may want to include in your business loan application, such as the financial history of your business and projections of future earnings.<\/li>\r\n<li><a href=\"https:\/\/corporate.findlaw.com\/contracts\/finance\/loan\/\" target=\"_blank\" rel=\"noopener\">Real-Life Loan Agreements<\/a> &#8211; Collection of loan agreements with well-known corporate entities to help you get familiar with such agreements.<\/li>\r\n<li><a href=\"https:\/\/www.sba.gov\/starting-business\/finance-your-business\/loans\/business-loan-application-checklist\" target=\"_blank\" rel=\"noopener\">Business Loan Application Checklist<\/a> (Small Business Administration) &#8211; SBA&#8217;s guide on how to apply for a business loan, covering such important considerations as the application form, your business plan, credit report, income tax returns, collateral, and more.<\/li>\r\n<li><a href=\"https:\/\/www.sba.gov\/sites\/default\/files\/2022-08\/7a_Loan_Submission_Checklist_v_2.0.pdf\" target=\"_blank\" rel=\"noopener\">SBA Loan Application Checklist<\/a> (SBA) &#8211; A helpful checklist of the various elements and considerations pertaining to a 7(a) loan, offered indirectly through (and guaranteed by) the agency.<\/li>\r\n<\/ul>\r\n<p><b><i>Grants<\/i><\/b><\/p>\r\n<ul>\r\n<li><a href=\"https:\/\/www.findlaw.com\/smallbusiness\/starting-a-business\/small-business-grants.html\">Small Business Grants<\/a> &#8211; Overview of the various grants &#8212; which do not need to repaid &#8212; available to small businesses, including state programs to retrain workers and programs meant to reinvigorate depressed regions.<\/li>\r\n<li><a href=\"https:\/\/www.sbir.gov\/\" target=\"_blank\" rel=\"noopener\">Research Grants for Small Businesses<\/a> (SBA) &#8211; Explanation of research and development grants available to certain small businesses, with links to various government agencies through which the grants are offered.<\/li>\r\n<li><a href=\"https:\/\/grants.gov\/search-grants\" target=\"_blank\" rel=\"noopener\">Search Federal Grants<\/a> (Grants.gov) &#8211; Searchable database of all federal grants available to U.S. businesses, with various filters and search options to help you hone in on those that may be a good fit.<\/li>\r\n<\/ul>\r\n<p><b><i>Equity and Venture Capital<\/i><\/b><\/p>\r\n<ul>\r\n<li><a href=\"https:\/\/www.findlaw.com\/smallbusiness\/business-finances\/debt-vs-equity-advantages-and-disadvantages.html\">Debt vs. Equity: Advantages and Disadvantages<\/a> &#8211; A guide to help you make an informed decision as to whether debt (loans) or equity is right for your small business.<\/li>\r\n<li><a href=\"https:\/\/www.findlaw.com\/smallbusiness\/starting-a-business\/what-is-equity-crowdfunding.html\">What is Equity Crowdfunding?<\/a> &#8211; The basics of equity crowdfunding, in which ordinary, non-wealthy individuals have the opportunity to invest just a few hundred dollars in your business in exchange for a small equity stake.<\/li>\r\n<li><a href=\"https:\/\/www.sba.gov\/funding-programs\/investment-capital\" target=\"_blank\" rel=\"noopener\">Investment Capital<\/a> (SBA) &#8211; SBA&#8217;s overview of SBICs, privately owned companies licensed by the SBA to fund small businesses.&nbsp;<\/li>\r\n<\/ul>\r\n<h2>Miscellaneous Small Business Finance and Banking Resources<\/h2>\r\n<ul>\r\n<li><a href=\"https:\/\/www.findlaw.com\/smallbusiness\/business-finances\/business-banking-and-securities-forms.html\">Business Banking and Securities Forms<\/a> &#8211; A collection of checklists, sample forms, real-life financing agreements, and other resources pertaining to business banking and financing<\/li>\r\n<li><a href=\"https:\/\/www.findlaw.com\/smallbusiness\/starting-a-business\/sample-business-balance-sheet.html\">Sample Business Balance Sheet<\/a> &#8211; Brief explanation of the layout and purpose of a balance sheet, in addition to a sample balance sheet that your business can use as a template.<\/li>\r\n<li><a href=\"https:\/\/www.sba.gov\/partners\/counselors\/instructional-materials-trainers\/money-smart-small-business\" target=\"_blank\" rel=\"noopener\">Money Smart for Small Business<\/a> (SBA) &#8211; The SBA&#8217;s free course on financial literacy for small business owners.&nbsp;<\/li>\r\n<\/ul>\r\n<h2>Consider Getting Professional Legal Help for Your Business<\/h2>\r\n<p>If you run your own business, you&#8217;re probably what many would call a &quot;Jack or Jill of all trades,&quot; since you do everything from managing staff and paying taxes to ordering printer ink and answering the phones. But you shouldn&#8217;t be expected to know the law inside and out. If you have questions or concerns, consider contacting a <a href=\"https:\/\/lawyers.findlaw.com\/business-commercial-law\/\" target=\"_blank\" rel=\"noopener\">business attorney<\/a> in your area for assistance.<\/p>\r\n<div class=\"was-this-helpful\">\n    <div\n            class=\"was-this-helpful__question-container\"\n            aria-labelledby=\"was-this-helpful__question\"\n            role=\"group\"\n    >\n        <span\n                id=\"was-this-helpful__question\"\n                class=\"was-this-helpful__question fl-text-lg-bold\"\n        >Was this helpful?<\/span>\n        <button\n                class=\"was-this-helpful__button fl-text-sm\"\n                aria-label=\"Yes\"\n                value=\"yes\"\n        >\n            <span class=\"was-this-helpful__button-text fl-text-bold\">Yes<\/span>\n            <i class=\"was-this-helpful__button-icon\">\n                <svg width=\"22\" height=\"22\" viewBox=\"0 0 22 22\" fill=\"none\" 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