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How BTR Helped Turn a Banker's "No" to a "Yes"

Posted by Shannon Brozyna on Mar 30, 2017 12:02:00 PM

A local construction company, seeking to expand their business, went to their long-time banker to apply for a loan. To their surprise, the bank could not approve their loan application.  Why did this happen?  The Company’s business was good, they were current on their bills, and they had recently acquired a significant amount of heavy equipment with the cash flow that was coming in.

The bank stated that the denial of the loan application was due a substantial loss shown on the Company’s latest income tax return. Because this “tax” loss bewildered the Company management, their banker recommended that they pay a visit to Berry Talbot Royer.

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Topics: Tax Tips, Tax Planning, Accounting, BTR

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