The
Importance of Personal Financial Statements
| by Fred Bower | Please note that information in this article may be time sensitive and specific to the date it was originally published. Please contact the author for updates to this information. |
When you visit a bank to borrow money for business purposes, one of the first documents a load officer asks for is your personal financial statement. Personal financial statements come in various formats based on needs of the financial institution. The premise is for each to determine your assets and liabilities.
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