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Re: musclehead post# 123849

Wednesday, 04/22/2009 10:35:00 PM

Wednesday, April 22, 2009 10:35:00 PM

Post# of 192568
You are off base when it comes to banks loaning money to small businesses. I borrowed many times over the years for my business and the documentation was minimal. They said here's a financial statement form, fill it out. Never asked for audited information. Tax Returns, took just what my CPA had done. In another post you said EESO should have an accounting department LOL I really got a kick out of that. Most small companies use a CPA firm to do monthly and quartly reports and maybe an outside payroll firm if the have a lot of employees but a full time accounting staff yea right. The statements I see made here only serves to show me how ignorant most are as to running a business.On the subject of AR it would not be suprising for a fairly new industrial type business to "factor" some or all of their AR to manage cash flow. Do I have to explain what factoring is?