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Jennifer Nunes' business plan required pro forma financial statements. As she wrapped up her research, she also needed to organize the financing for the business she hoped to start shortly. But before she applied for a Small Business Agency (SBA) guaranteed loan, Nunes scheduled a visit at the local Small Business Development Center (SBDC) to review her business plan, which meant she needed to complete the financial statements. Because the fashion industry is highly seasonal, Nunes decided to create 3 years of monthly statements so that she could demonstrate how the need for financing would evolve.

Nunes began by using...

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