A lender would like to see the following before taking a credit decision
- Loss and profit statement
- Balance sheet
- Cashflow declaration
These three papers will give you information regarding your company’s monetary performance for the past 12 ace check cashing near me months and the years before that. You need to be ready to furnish your statements that are financial the past 2 yrs or maybe more.
A lender may possibly also request you to offer monetary projections. You must also mention the assumptions that you are making when you prepare these, remember that. For instance, you should be ready to explain how you plan to achieve this if you say that your sales will increase in the next year.
Records Receivable Aging and Accounts Payable Aging
Those two reports are of specific interest to your loan provider you manage your working capital because they provide information about the manner in which. Continue reading