The Small Business Administration works with thousands of local banks around the country to offer loan products to small businesses including:

• Microloans
• Express Loans
• 504 Loans
• 7(a) Loans

In 2011, the SBA 7(a) loan program provided $19.6 billion in loans to small business through nearly 38,000 loans.  If you are applying for an SBA 7(a) loan you will be required to provide the bank, at least, a 12 month profit and loss financial projection.

There are a number of Excel spreadsheet templates available on the internet that are meant to help you create a 12 month profit and loss projection, but after reviewing dozens of templates, I believe that spreadsheet templates are fundamentally limited, and will never be the best way to create financial projections.  So, my brother and I created ProjectionHub.

If you are small business owner looking to apply for an SBA 7(a) loan, then I encourage you to give our application a try.  You can create your projections and download a completed Excel Spreadsheet file.  Get started today.