Bank consulting
Access to capital, at the lowest cost available to you.
Our partners bring more than 15 years of senior banking experience and an insider's view of how lenders decide. We help businesses and nonprofits borrow on better terms.
- Loan interest rate monitoring
- Complimentary periodic statement reviews
- Loan applications coordinated with multiple banks
- Bank ratio monitoring
- GAAP financial statements for lenders
Reduce banking costs
We speak the bank's language.
To get the lowest rates on loans and lines of credit, you need competitive offers from several banks and someone who knows what each one is looking for. We take on the time-consuming work of coordinating those requests.
Commercial lending and insurance bonds rely on ratios calculated from your financial statements. Don't wait until you need a loan or a bond to find out whether your ratios qualify. We monitor them and help you build banking capacity ahead of time.
Loan application assistance
We coordinate lending requests with multiple banks to get you the most favorable terms.
Bank ratio monitoring
We track the ratios lenders and bonding companies use, so your profile supports better terms.
Rate and statement reviews
We watch your loan rates for refinancing opportunities and review statements for savings on merchant discount rates and bank fees.
GAAP financial statements
Statements that present your assets and equity accurately, which improves credibility and approval odds.
A client story
Tax returns vs. GAAP: the same company, two pictures.
A company wanted to buy equipment that would grow revenue and margins. Its bank only had its cash-basis tax returns, with aggressive depreciation, and moved the existing loans to the "loan workout" group. We prepared GAAP financial statements. Here is how the balance sheet changed.
Tax returns
- Assets
- $58,675
- Liabilities
- $1,051,357
- Owner's equity
- ($992,682)
GAAP financial statements
- Assets
- $1,563,437
- Senior liabilities
- $1,364,009
- Owner's equity
- $199,338
Impact on collateral
Lenders value collateral from the balance sheet. Tax depreciation had shrunk the assets on paper; the GAAP statements showed far more collateral available.
Impact on equity
The tax return showed a deficit of $992,682. The GAAP statements showed nearly $200,000 of equity, which is what lenders look for.
The outcome
With GAAP statements in hand, the company received lending offers at reduced rates from four institutions, after its own bank had declined.
You can keep filing your tax returns the way you do today. GAAP statements are prepared in addition to your returns, not in place of them.
Frequently asked questions
Questions we hear often.
What is loan application assistance, and how can it benefit my business?
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.
Why is bank ratio monitoring essential for my business’s financial health?
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.
How do GAAP financial statements differ from tax returns, and why should my business use them?
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.
Can Linked Accounting improve my business’s chances of securing financing or reducing banking costs?
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.
How can preparing GAAP financial statements impact my business’s borrowing capacity and financial credibility?
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.
Additional resources
Keep reading.
Optimizing Internal Controls for Better Bank Relations
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Read moreInsightMaximizing Loan Applications with CPA Expertise
Securing favorable loan terms isn’t just about submitting financial statements; it’s about presenting your business in the best possible light to...
Read moreInsightStrategic Bank Ratio Monitoring for Financial Health
Bank ratio monitoring is an essential tool for maintaining your business’s financial health and ensuring a strong relationship with lenders. By...
Read moreWho you will work with
The people behind the work.
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