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There are several different tasks an accounting firm or auditor performs for a company. Typically, accounting firms or auditors review a company’s financial statements on an annual basis. The three types of review are as follows: (i) Audited, (ii) Reviewed and (iii) Compilations.

Click to continue reading “Review of Financial Statements”

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Swift Financial issued a press release highlighting that it raised $20 million in funding today.  This supplements the $6.5 million that Swift had already raised.  According to the press release, investors included Sutter Hill Ventures, Village Ventures, Permit Capital and a subsidiary of Marshall & Ilsley Corporation.

Swift’s motto appears to be KISS - keep it simple stupid. See below for some of items it lists on its website and some comments on its online application. Overall, it basically seems like it’s nothing more than a credit card - just with different marketing spin.

Click to continue reading “Swift Financial Raises Another Round of Funding”

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Small businesses are predominantly funded by commercial banks. Small business financing is generally provided by those banks located in the same community or in communities nearby. As of June 2006, small businesses owed an estimated $634 billion to commercial banks - yes, $634 billion.

Click to continue reading “Small Business Financing Snapshot”