BANKER INSIGHTS FOR YOUR BUSINESS | Citywide Banks
Preparing for Your Annual Credit Line Review

When you are preparing to meet with your banker for an annual review or renewal of your credit line, here are a few tips that will help make the review go more smoothly and efficiently.

1. Gather the most current financial reports on your company, including:

• Most recent year end financial statement
• Most recent tax returns
• Current interim financial statements
• Recent accounts receivable and accounts payable agings
• Projections for the upcoming fiscal year

2. Prepare an updated personal financial statement.
Citywide Banks prefers to have personal financial statements presented on our form.
Click here to download Personal Financial Statement Form

3. Gather your most recent personal tax returns, including any Schedule K-1 forms.

4. Review your personal credit report for any possible issues.
If you anticipate any changes to your credit line needs, please contact your lender at least a month in advance. Citywide Banks is always willing to help with all your banking needs.
Click here for information and important security warnings about obtaining free annual credit reports.

5. Discuss any other borrowing needs.

Thank you for banking with Citywide Banks!

-- Carrie Thompson, Credit Manager, Citywide Banks