Growing businesses require capital. Meda offers working capital loans to customers that need financing in order to seize growth and sustainable opportunities. These loans are activity-based and short term rather than longer, real estate lending.
The Whole Solution
Meda’s business loan program is designed to help clients find access to much-needed funding, which otherwise might not be available through traditional lending resources.
Meda consultants can assist in developing a loan package to present to potential funders, which may or may not include the Meda loan program.
Financial Planning and Analysis
Taking on a new customer creates more revenue but also more expense. Meda can help analyze your current financial picture, compare it to regional and national businesses of the same size and in the same industry sector, and then explain what courses of action might be needed to compete in today’s market.
Often a business owner has a banking relationship that may not suit the needs of the business. Meda can work with you and your bank to potentially improve your banking situation with possible better terms or rates to help reduce expenses and increase profit margins.
Mergers and Acquisitions
Sometimes the best business opportunity is to buy an existing business. Meda can help with valuing the business, structuring the deal and developing the best scenario for a successful acquisition or a merger of two businesses.
Through a grant from the SPEDCO Foundation, Meda has the additional capacity to help a limited number of business owners set up their business books from creating the first chart of accounts to double checking entries at month end. The Meda Financial Frameworks creates a firm foundation to provide accurate financial reporting. This foundation is critical to making good business decisions. Other businesses may be matched to a pro bono professional for accounting advice.
Balance Sheet Assessment
The health of your business is judged by your balance sheet. This is the report card that customers and bankers look at to see if your business is stable and healthy. Meda can help assess the health of your balance sheet, make recommendations for improvement or changes, and create an action plan to bring a pale balance sheet to good health.
Budgeting and Forecasting
What happens if you change your location, interest rate, your pricing? Meda can help develop assumptions, budgets and projections that will tell different financial stories, based upon changes in your business, planned or unplanned. With financial forecasting, you will have a vision of where you are going and what you will need to get there.
Better Understand Your Business
Meda can help you understand how money flows through your company, what your return on assets and what others in your industry are doing. Meda’s professional team can help you better understand your business so you can be in control of your future.