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Understanding Financial Statements

When you want to expand your business and buy properties, you hear the lender asking you about your Financial Statement. Some even look at your profit and loss statement and say: I'd like to see your balance sheet.

What is that balance sheet? I am not even balanced myself, why do I need this shit? One banker told me this is what he was told by this client of ours. Well, sorry Mr. Banker, let me take this time to simply explain financial statements which includes the "balance shit."

May 14, 2022 03:00 PM in Central Time (US and Canada)