Proof of Funds to access Financials when still at the exploration stage
January 28, 2025
by a searcher from Northwestern University - Kellogg School of Management in San Francisco, CA, USA
I've been exploring opportunities in senior living, and have been asked for proof of funds from a potential target before I can review their financials
How, if at all, have any of you dealt with this issue when faced with this request?
I'm exploring multiple funding options (SBA, Family office etc) but have not yet pulled the trigger on pre-approval for a loan, but don't really want to provide personal financials at this stage...
Would love your perspectives!
Thanks in advance!
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
from University of Southern California in North Palm Beach, FL, USA