Feb. 3 at 3:27 PM
$DPLS Yes. Banks require an audit before lending money to companies. 24 months of AR, AP, inventory, cash, and financials would be scrutinized. Lots of testing, lots of questioning management, making sure cash is being used properly. It would be a big ordeal and likely cost in the six figures.
UNLESS the loan is under
$1,000M, then there is much less DD required.