Forbes.com, “Looking to Borrow? You May Need an Audit, Review or Compilation”, November 26, 2016
Business lending in the U.S. continues to climb as 2016 winds to a close, and many businesses considering 2017 growth plans will undoubtedly seek financing in the coming year.
One way to prepare for borrowing is to understand the types of financial documentation required by lenders so that you can work with your accountant, if needed, to develop this in a timely manner. As you would expect, in general, the more a lender knows about the business and can see into its financial workings, the better your chances of securing financing.