Presenting Small Business Financial Statements to a Lender – What you’ll need to have in hand when you apply for a small business loan

Business owners who present their financial statements to a lender will usually present a full set of financial statements to the lender. These include a recent balance sheet, a profit and loss statement, a statement of cash flows, and notes to the financial statements. These statements, prepared in accordance with generally accepted accounting principles, usually give a realistic picture of the business activity for the period in question.

from Joseph L. Rosenberg, CPA

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