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Industry — Private Companies

Audits & Reviews for
Private Companies Seeking Loans

We prepare the audited or reviewed financial statements your bank requires — on your timeline, to the exact standard your lender demands.

Overview

Audits and Reviews That Open Doors to Commercial Financing

When private companies seek bank loans, lines of credit, SBA financing, or other commercial credit, lenders require independently prepared financial statements as part of the underwriting process. The required level of assurance — compilation, review, or audit — depends on the size of the loan, the lender's internal policies, and the complexity of your business.

We have worked with private companies across a wide range of industries to produce the financial statements their lenders require — cleanly, accurately, and on a timeline that doesn't delay closing. Beyond the immediate financing transaction, many of our private company clients use our ongoing audit and review relationships as a discipline that strengthens their internal controls and prepares them for future growth, an acquisition, or an eventual sale.

Audited financial statements for commercial lending
Reviewed financial statements (limited assurance)
Compiled financial statements
Internal control assessment and recommendations
Covenant compliance monitoring
Due diligence support for acquisitions or sales
Quality of earnings analysis
Private company
FAQ

Common Questions

What level of financial statement does my bank require?
It depends on your lender and the size of the loan. Many community banks require reviewed financials for loans up to $2–5M and audited financials for larger facilities. SBA loans often require reviewed or compiled statements. We recommend confirming the specific requirement directly with your lender before the engagement begins.
How quickly can you turn around an audit or review?
For a well-prepared client with organized financial records, a review engagement typically takes 2–4 weeks. A full audit takes 4–8 weeks. Rush timelines are possible depending on availability — contact us to discuss your deadline.
Can you help with due diligence if we're being acquired?
Yes. We provide financial due diligence support including quality of earnings analysis, working capital analysis, and identification of accounting adjustments that may affect deal value. We can work with the buyer's advisors and provide documentation for the transaction process.

Need Financials for Your Lender?

Tell us your deadline and your lender's requirements. We'll propose the right engagement and get started quickly.

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