Assessment of the financial condition of the enterprise. Assessment of the company’s financial condition is a key element in the process of applying for a subsidy. A company only needs to meet at least. One of the five evaluation criteria above to be exclud from receiving support. When is a financial assessment made? The difficult situation is examine base on the company’s current financial statements. At two stages of applying for support. The time of submitting the funding application (usually, but not always); when signing the co-financing agreement. In such a situation, despite meeting other criteria. The application for funding will be reject and the contract will not be sign.
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However, in the case where the funding was grant due to the negligence of the institutions. Assessing the application, the entrepreneur, even after completing the project. Will be oblige to return the entire amount of the funding along with interest calculate Photo Retouching as on tax arrears. How not to find yourself in a difficult situation. To avoid problems in the process of applying for funding. An entrepreneur should carefully examine the financial situation of his company. Check whether there is a need to contribute to the capital. Maybe it is enough to convert loans from shareholders into equity capital or make a contribution in kind.
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There are also other solutions to improve the financial situation, which should be select individually taking into account the specific conditions of the company’s operation. However, it should be remember that institutions prefer to examine difficult situations BRB Directory base on close financial statements, so it is worth taking appropriate actions before the end of the financial year . To sum up, if a company is in a stable financial situation, is characterize by prudent investments and sustainable development, it should have no problem with obtaining a positive assessment of its financial condition. Nevertheless, there is no company that does not require some improvement.