Business CPA Dallas AlternativeA file a bank can actually read.

Check the file

Steven Palmieri lines the months up against the bank's list and circles the line a credit analyst will question first.

You leave knowing which items will not match, while you can still fix them.

The help is the file

You need the books and the tax return to be ready, and that is the help on this page. Whether a bank says yes is the bank's own decision after it reads the file.

Steven Palmieri meets a lender's file as a Tax CFO. Owners who stay have taken to calling that the Entrepreneur's CFO. What we hand a lender is a file whose months already match, plus the return those months support, while this year can still be changed.

Lenders tend to ask for two years of returns that match the books, the debts the company still owes, and one month whose total already equals the bank.

Three things a bank finds if you do not find them first

Personal spending still in the profit. A loan payment the balance sheet does not show. Income timed to the day the deposit landed, rather than the day the work was delivered.

A look before you apply names which of those three will not match on your file. Your figures stay in your file. No sample dollar figure is shown anywhere on this page.

How long it takes is the size of the disagreement between the bank and the books. The first look names that size. A finish date before that look would be a guess, so none is printed here.

If they also asked for an audit

Some bank letters ask for an audit, a review, or a compilation. We do not sign those. The reply names a firm that can, and the rest of the file stays here.

If the letter wants the books, the returns, and the list of debts, that is the help. Walking in with a file that already agrees is a better afternoon than hoping it holds together at the table.

After the look

Last year's mismatches get written down. This year's months stay closed. You can look toward the application instead of dreading the follow up email.

We read the newest month the same way a lender will, and the months a lender reads still have to match the bank.

The application email usually asks for the same four things the sheet on this page names. We check your file against that email before you send it, so the first reply from the bank is about the business, not a request for the month you skipped.