Via the AICPA Journal of Accountancy

In this current economic climate, it is well known that credit sources have tightening up (if not completely dried up).  The Journal of Accountancy has six tips to consider before you talk to a lender:

1. Negotiate and monitor your ratios
2. Prepare to be audited
3. Watch out for positive cash flow covenant
4. Get ready for new rate structures
5. Be prepared for more stringent “personal guarantees”
6. Know what’s typical

Read the article here for a detailed explanation of each of these helpful hints.