Business Loan Covenants: Sick of doing pesky covenant reporting?

Posted by Azure Group on 25-May-2018 14:00:00

 

When a lender approves your business loan it will usually be on the condition that certain covenants are agreed to. These are terms set out by the lender that are usually in the form of benchmarks that the business needs to achieve to show that they are profitable and to ensure that you can continue to make the repayments.

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Topics: financial reporting, Banking, Business banking, Small business loans, Business banking manager, Bank covenant, Business loans, banking solutions, Financial statements