See Your Club's Financial Statements Through the Eyes of Your BankerDate: July 25, 2013
Time: 2:00 pm - 3:00 pm
Speaker: Ned McCrory, Batchelor Frechette McCrory Michael & Co.
"See Your Club's Financial Statements Through the Eyes of Your Banker" was held on July 25, 2013. The webinar recording is now available to view on-demand.
To request a recorded webinar, please contact Curtis Rogers at firstname.lastname@example.org or 202-822-9822. There is no charge for NCA members to request the webinar recording.
Remember the good old days when you simply mailed a copy of your yearend financials to your bank and that was it? Now, with reduced membership levels resulting in bottom line losses and balance sheet deterioration, banks are more concerned. This webinar will give you insight into the approach, concerns and regulatory issues with which your banker has to deal. Learn how to communicate with your commercial lender, provide necessary information and strengthen the relationship between your club and your bank.
This presentation will include:
- Understanding the various loan covenants in your lending documents
- How to request a waiver of a covenant
- Difference between audited and reviewed financial statements
- Key financial ratios banks focus on