Painting an accurate picture – What to look for during a walk-through
Abstract: Lenders often conduct walk-throughs of borrowers’ facilities, particularly warehouses and manufacturing operations. But business owners who are intent on deception might reveal only what they want their lenders to see. This article explains how lenders can ensure that a walk-through provides a complete picture of the business and offers some questions lenders need to ask as they tour a company’s facilities. It suggests that a methodical, inquisitive approach can help make site visits more effective at catching potential problems early.