B.S. Business Management and minor in Economics; Humboldt State University.  Graduate of the Pacific Coast Banking School at the University of Washington.  Over 20 years of banking experience, including various management and lending positions at Coast Central Credit Union, US Bank and Umpqua Bank (formally Humboldt Bank).  Also small business ownership experience, having co-owned and operated McKinleyville Ace Hardware for 10 years (recently sold interest to other owner).  Serve on Arcata Economic Development Corporation’s Loan Committee and as past President and active member of Arcata Sunrise Rotary Club.

Current banking responsibilities include managing a department of over 30 associates from California to Washington that specialize in the production and processing of small business loans.  These loans are generally SBA and USDA guaranteed loans for the specific purpose of business acquisition, business start-up, real estate acquisition, equipment financing, working capital and more.  The department generates more than $60 million in loan production per year, ranking Umpqua Bank as one of the largest government guaranteed lenders on the West Coast.

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Does it make sense?

Does the writer effectively convey his or her understanding of the business? 

Do the assumptions coincide with the projections? 

Does the writer have a grasp of cash flow and the impact it has on the business financials?

Preparing a business plan allows a business owner to be much better prepared for both the expected and the unexpected.  Formulating a plan at either the onset of creating a new business or for a seasoned business is an excellent tool to understanding the direction and potential changes a business could experience through the course of time.