Zeroed-Insights

GAAP Compliance Mistakes: The $10M Loan That Nearly Fell Apart

On the surface, the company looked strong. Burn was under control. Revenue was climbing. The management team had landed strong debt financing that gave them the capital needed for continued growth. Cash balances gave the finance lead confidence that they were in good shape as they entered their first $10M+ loan with an institutional lender.

Then the audit requirement kicked in.

Read More