USA | senodak - 12/23/2024 18:22
And why would you be updating them?
Working capital is what bankers care about, and land value has nothing to do with that.
Who told you that updating your land values on your balance sheet would benefit your lending situation?
What I never understood when dealing with banks on land loans, when current on payments. Why they required yearly tax returns and yearly updated balance sheet when a person was not asking to borrow additional funds. |
Balance sheet adjustment
