Tuesday, August 13, 2013

The Due Diligence Visit

Here's a short list of information your billboard lender will want to review during a due diligence visit.:

Bank statements - I like to verify financial statement revenues and expenses against bank statements.

Copies of sign permits and operating leases.

Copies of customer ad contracts.

Evidence that state and property taxes are paid current.

A copy of the insurance policy.

An onsite inspection of each of the signs.

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