When seeking a production loan, what information must you provide to a potential credit source?

When seeking a production loan, providing a personal financial statement and cash flow projections is crucial.

The personal financial statement gives the lender insight into your overall financial health, detailing assets, liabilities, income, and expenses. This information helps lenders assess your ability to manage debt and make informed lending decisions.

Cash flow projections are equally important as they outline expected revenues and expenses over a specific period, illustrating how you plan to generate income and manage cash flows during the production cycle. This helps lenders evaluate whether your business will have adequate funds to repay the loan.

The combination of these documents demonstrates financial preparedness and the potential for successful repayment, which are key factors in a lender's decision-making process.