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WELLESLEY · E-2 FIELD GUIDE

Can a forecast total be used without identifying its period?

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THE DIRECT ANSWER

Explain what the number measures and the genuine assumptions behind it.

Keep projections understandable

Monthly, annual and cumulative amounts describe different things. Accurate presentation helps assessment without guaranteeing that the enterprise qualifies.

A hiring schedule with dates, job descriptions and wage assumptions tied to the revenue forecast, executed client contracts that justify the workload, and a funded account showing the payroll reserve exists. Multi-period financial statements showing a growth trend, signed or pending client contracts, and a business plan with revenue projections tied to specific, named scaffolding opportunities. Bring the signed and draft agreements, pricing and margin schedules, purchase orders, the lease, licences, insurance, and the projections behind the milestone. Projections carry weight when something outside the applicant's own spreadsheet supports them: booked contracts, deposits already taken, the previous owner's filed accounts and bank statements, supplier and lease commitments, and industry data for comparable operations. Bank records tracing funds from their lawful origin to the enterprise, the purchase agreement, escrow terms, loan documents identifying what secures each borrowing, and receipts for expenditure already made all speak to commitment. The common weakness is a period where funds sat in a personal account mixed with other money, so a short written explanation supported by statements should accompany any point where the trail is not self-evident.