Financial Intelligence for Entrepreneurs

How do I prepare my financials for a business loan?

Ensure your financial statements are current (within 60-90 days), prepared by an accountant if possible (reviewed or audited statements carry more weight than owner-prepared), and accurately reflect cash flow. Clean up any unexplained deposits or withdrawals in bank statements. Reconcile any discrepancies between tax returns and financial statements. Lenders notice inconsistencies and it raises red flags.