With offices in Utah, Hawaii, and Montana, Linked Accounting offers tailored financial solutions to help companies nationwide reduce their banking costs and maximize their financial health.
To secure the lowest rates on your loans and lines of credit, it’s crucial to obtain competitive offers from multiple banks and leverage the expertise of seasoned professionals. Linked Accounting takes on the time-consuming task of coordinating lending requests with multiple banks, ensuring you receive the lowest available borrowing costs.
Commercial lending and insurance bonds rely on numerous ratios calculated from your financial statements to establish a bank risk rating or business credit score. Don’t wait until you need a loan or bond to find out if your financial ratios qualify you. Our experienced banking professionals monitor your financial ratios and guide you towards improved banking capacity.
Bankers, prospective buyers and company management prefer to make decisions regarding the financial condition of a company using financial statements prepared according to Generally Accepted Accounting Principles (GAAP). GAAP financial statements present an accurate picture of a company’s story. Linked Accounting assisted a company seeking to acquire more equipment which would help grow revenue and improve profit margins. Their current bank was in receipt of company tax returns filed on a cash basis and with accelerated depreciation of their fixed assets. The bank assigned their existing loans to the “Loan Workout” group due to the perceived poor financial condition of the company. Linked Accounting prepared GAAP formatted financial statements for the company. A general overview of the comparative balance sheets are provided:
Lenders often consider the assets listed on a company’s balance sheet as the basis for determining the value of collateral for loan requests. In the above example, aggressive tax depreciation strategies had reduced the asset values and, subsequently, the available collateral significantly. The GAAP financial statements revealed a much larger amount of available collateral. Companies can continue filing tax returns as they have, with GAAP statements prepared in addition to—not in place of—tax returns.
Linked Accounting is well-positioned to help you obtain the best capital structures at the most favorable rates. With over 15 years of senior banking experience, our partners bring an insider’s perspective to the banking industry. Through services such as bank ratio monitoring and loan application assistance, Linked Accounting provides you with access to capital when you need it most—all at the lowest costs available.
Owner’s equity is critical to lenders. Consider a homeowner seeking a mortgage when they owe more than the home’s value—securing an additional mortgage in such a scenario is highly unlikely. Similarly, in the example above, the company sought additional loans when its tax returns suggested a $992,682 deficit. However, the GAAP financial statements accurately reflected nearly $200,000 in equity.
With GAAP financial statements, the company received additional lending offers at reduced rates from four different institutions, even when their current bank initially declined further loans. Linked Accounting helps you secure the best capital structures at the most competitive rates!
Loan application assistance involves coordinating with multiple banks to secure the most competitive loan terms for your business. Linked Accounting manages this process on your behalf, helping you obtain lower interest rates and more favorable lending conditions, ultimately reducing your borrowing costs and enhancing your financial flexibility.
Bank ratio monitoring is crucial because lenders and insurance providers use these ratios to assess your business's creditworthiness and risk level. By regularly monitoring and optimizing key financial ratios, Linked Accounting helps ensure that your business maintains a strong financial profile, making it easier to qualify for loans, lines of credit, or bonding when needed.
GAAP (Generally Accepted Accounting Principles) financial statements offer a standardized, detailed view of your business's financial health, which is more comprehensive than tax returns. While tax returns focus on compliance and minimizing tax liability, GAAP statements provide a clear picture of your assets, liabilities, and equity, enhancing your credibility with banks, investors, and potential buyers.
Yes, Linked Accounting can significantly improve your business's financing prospects and reduce banking costs. By preparing GAAP-compliant financial statements, monitoring key financial ratios, and assisting with loan applications, we ensure your business is presented in the best possible light to lenders, increasing the likelihood of securing financing at the most competitive rates.
Preparing GAAP financial statements can enhance your business's borrowing capacity by accurately representing your financial condition. These statements provide lenders with a true picture of your assets, equity, and overall financial health, often leading to better loan terms and an improved ability to secure additional financing when needed.
Brian’s passion for developing and implementing business and tax strategies has been instrumental to many businesses and individuals during his tenure at Linked Accounting. Business owners regularly seek out his advice on tax planning and audit matters, commercial lending, and business acquisition and sale transactions. When new tax laws are passed, you can be certain Brian will have read the law and developed tax strategies to help our clients make good use of new provisions of the Tax Code.
Linked Accounting is tremendously well-positioned to help you obtain the best capital structures at the best possible rates. With over 15 years of senior banking experience, our partners offer a valuable insider’s perspective to the banking industry. Through services such as bank ratio monitoring and loan application assistance, Linked Accounting brings you access to capital when you need it the most – all at the lowest costs available.