Financial metrics at your fingertips – Using dashboard reports to keep your loans on track

Description

Abstract: When a company is floundering or in between reporting periods, it’s helpful for lenders to have access to a quick report that simplifies financial information into an easy-to-read summary. This article explains that a dashboard report provides the essentials to help lenders take the necessary steps to shore up or salvage a loan. In addition to describing what information dashboard reports typically contain, the article notes that nothing can replace yearly full and comprehensive financial statements from borrowers.