What financial statement does a bank rely on while evaluating a loan?
If a company approaches a bank and requests a loan, Which of the company's financial statements would the bank look at...
1. income statement
2. balance sheet
3. statement of owner's equity
4. statement of debts
- Anonymous1 decade agoBest Answer
All of the above
- H. ALv 41 decade ago
Actually the bank would look at all of the above as they want to access the overall financial condition of the company and they probably would ask for additional information, such as tax returns, and a commercial credit report.
- spellerLv 43 years ago
it ought to no longer have been mandatory to coach your economic enterprise statements, until the questions arose approximately your taxes and earnings interest. Any economic enterprise that supplies a favourite very own loan asks for all economic statements formerly it does. in this occasion, in case you do no longer grant the information, you're unlikely to get the non-public loan. there is not any longer something you're able to do approximately it. Refusing to offer them will lead them to think of you have some thing to hide...