Financial Advisory Services

The vendor is required to provide financial advisory services that directly support entrepreneurs—especially socially and economically disadvantaged individuals (SEDI) and very small businesses (VSBs)—in preparing for and accessing capital.
- Assistance with establishing a banking relationship
•    Conduct financial reviews to identify opportunities for optimizing banking relationships.
•    Assist with selecting appropriate business bank accounts and improving terms or services as needed.
•    Provide a summary report detailing changes made, benefits achieved, and client feedback on banking improvements.
- Loan application readiness and submission
•    Analyze client’s financial statements, projections, and business plan to determine loan readiness.
•    Develop a tailored capital access strategy to optimize loan eligibility and terms.
•    Organize required documentation for lenders and support submission to agency programs, SBA lenders, or CDFIs.
- Capital access strategy and resource identification
•    Identify agency capital programs and other applicable financing options (loans, grants, guarantees).
•    Match clients with capital sources based on readiness and eligibility.
•    Maintain and update a resource log shared with the MBOC business consultant, tracking referrals and outcomes.
- Development of financial packages
•    Conduct deep-dive financial analysis (balance sheets, income statements, cash flows).
•    Develop business-aligned funding strategies including capital stack planning.
•    Prepare formal packages such as executive summaries, investment memos, and financial forecasts.
- Business and personal credit advisory
•    Evaluate business and personal credit history to identify funding barriers.
•    Develop a step-by-step credit improvement plan to support lending access.
•    Provide financial coaching and document progress through reporting and updates.
- Creation of financial projections using live plan or equivalent tools
•    Guide the client in gathering financial inputs including cost structure and revenue streams.
•    Assist the entrepreneur in creating forecasts, writing assumptions, and producing 3–5-year projections.
•    Generate reports usable in capital applications, investor materials, or strategic plans.
- Financial statement creation and quick-books setup
•    Reconstruct or compile income statements, balance sheets, and cash flow statements covering the prior 24 months.
•    Set up quick-books online (or similar) for the entrepreneur.
•    Customize chart of accounts and categorize transactions to ensure clean starting point.
•    Provide a 30-minute quick-books walkthrough or written guide.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: October 29, 2025