What Lenders Require in Today’s Economy
Today's tighter credit market has lenders requiring more frequent and complex financial statements. Banks are particularly focused on industry sectors that have borne the brunt of the recent recession, such as real estate (commercial as well as residential), construction, print media, restaurants, and retail. Companies in these sectors, as well as businesses in general, should be prepared to respond to changes in their lender's reporting requirements. What do you need to be prepared for? Take a look at this article for some of the new requirements your company may be facing and how to comply with them so that access to credit continues.
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