In early June 2012 the ProjectionHub team announced an opportunity for 3 microlenders from around the country to apply and win the chance to create a custom financial projection tool for their loan applicants to create their financial projections. There was such a great response that the team felt the need to choose 5 microlending organizations. The following organizations have been selected as winners:
- CDC Small Business Finance
- Iowa Microloan
- Southwest Initiative Foundation
- Community Development Resources
These organizations have literally made billions of dollars in loans to small businesses.
Co-Founder of ProjectionHub, Adam Hoeksema, said, “It is an incredible honor to work with such prestigious organizations. He hope to learn from these experts and ultimately help their loan applicants create more accurate and realistic financial projections.”
Over the next several weeks the ProjectionHub team will work with these lenders to create a custom version of the pro forma financial tool specifically to meet the needs of each organization and their loan applicants. The tool will be a more user friendly alternative to the complicated Excel spreadsheet templates that most business users utilize to generate a set of projections.
Some have described the tool as an up and coming TurboTax for financial projections.
About ProjectionHub: ProjectionHub is a web based tool that help business owners create financial projections without a PhD in spreadsheet modeling.