Toolkit

Loan & Business Toolkit

Annual Credit Report

This is a free credit report system that allows you to check your credit once annually from all three credit reporters.

Business Resource Guide

If you own a business in Lynchburg, this handy Navi-Guide will tell you what resources are available to help your business grow!

Questions to Answer Prior to Starting A Business

Thinking about starting a small business? What you should consider when starting your own:

No one starts a business thinking that the business will fail, they will lose their savings, home, and ruin their credit. Within the next five years, four out of five people starting businesses this year will have closed their doors.

1. What is your business idea? Can you explain your idea to others in 50 words or less?
2. Who will be making the business decisions?
3. What qualifications does this person have regarding running a small business and particularly this type of small business?
4. Who are the customers purchasing your product or service? What do you know about their buying habits, where they are located, how you will reach them, etc.
5. How much money will be required to start your business? What will it be used for and where will it come from
6. Why will this business be a success?
7. Who will be your competitors? Do you know their strengths and weaknesses?
8. What are your legal obligations?
9. Who will keep your records? Do you understand financial statements?
10. Will others, such as employees and professionals assist you with your business?
11. Do you know that the vast majority of unsuccessful small businesses do not compile a comprehensive business plan?

Budget Planning Calculators

Important Business Contacts