Madeline Bayliss-Allen

Madeline Bayliss-Allen's Posts

How a Lender Evaluates You

To get a loan to buy equipment for your construction business, you must prove to the lender that you are a good risk. To do that, you should have good documentation, prepared and audited by a certified public accountant, ready to show to the lender. Most lending institutions require year-end financial statements and interim reports for the last 3 years. These documents include the balance sheet, income statements, the statement of changes in financial condition, and footnotes to the financial statements. Read more

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