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Looking to Borrow? An Audited Financial Statement Can Help

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This story appears in the March 2012 issue of Entrepreneur. Subscribe »

Checks and Balance StatementsMore than one-half of all small-business loan applications are being rejected by banks, according to the Biz2Credit Small Business Lending Index. In such a tough lending environment, companies in need of capital might find lenders more receptive if they invest in audited .

"We've had clients who needed these statements to even get the loan, and it can make a difference in the interest rate you get," says David G. Barbeito, a principal in the Miami office of Morrison, Brown, Argiz & Farra, a large independent accounting firm.

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