CFO & Accounting · Lender & Surety
Lender & Surety Financial Packages
The reporting package banks and surety underwriters actually trust — built ahead of the renewal, not assembled the night before it's due.
A line renewal, a bonding increase, or a new loan is on the table, and the financials a business has on hand weren't built with that conversation in mind — they're internal numbers, a quarter old, missing the WIP schedule or AR aging an underwriter actually reads first. That mismatch is one of the most common reasons a financing conversation stalls, and it has nothing to do with whether the business itself is a good credit risk.
Protea builds the reporting package to the standard a bank or surety underwriter actually expects — current, consistent, and reconciled — so the conversation starts from strong documentation instead of a scramble.
The build-it-ahead-of-time approach matters more than it sounds like it should. An underwriter who gets a clean, consistent package before asking for it reads that as a sign of a well-run business, independent of what the numbers themselves say. An underwriter who has to chase down a missing AR aging or a debt schedule that doesn't match the balance sheet reads that as a risk flag — again, independent of the underlying credit quality. The package itself is part of the pitch.
What's Included
What's in the package
Timely Financial Statements
Current P&L, balance sheet, and cash flow — not a year-old number dressed up for a loan application.
WIP Schedules
For construction clients, the work-in-progress schedule a surety underwriter actually reads first.
AR / AP Agings
Receivables and payables aged and explained, so a slow-paying customer or a stretched vendor doesn't sink an underwriting decision.
Cash Flow Forecast
A rolling forecast that shows the lender you can see six to twelve weeks out, not just where you've been.
Debt Schedule
Every obligation, rate, and maturity in one place — exactly what a bank asks for and rarely gets cleanly.
Covenant Tracking
Ongoing monitoring against loan covenants, so a breach is caught internally before the bank finds it.
Who this is for
Any business heading into a bank relationship, a bonding-line renewal or increase, or a capital raise that requires reporting beyond a basic tax return — and especially construction and trades businesses, where a surety underwriter's requirements (WIP, job-level detail) go well past what standard bookkeeping produces.
Timing matters as much as content. The businesses that get the best outcomes from a renewal or increase conversation are the ones who start building the package months before the deadline, not the week the current line expires — which gives time to fix anything an underwriter would flag, rather than explaining it after the fact.
This builds directly on the job costing and construction accounting work already underway for contractor clients, and on the 13-week cash flow forecast for everyone else.
How this connects to tax
Lenders and sureties often want visibility into tax positions alongside the financials — how entity structure, timing, and estimated payments affect cash available for debt service. Because the same CPA handles tax planning and the lender package, those two stories stay consistent instead of contradicting each other.
Lender & Surety Questions
Frequently Asked Questions
What owners ask before a financing or bonding conversation.
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