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When to Hire a Finance Chief
Darren Dahl of the New York Times wrote a helpful article for owners of growing companies that explores the roles and responsibilities of a Chief Financial Officer, and most importantly, when the tipping point is to hire one.
Most loan agreements contain what are commonly referred to as Financial Covenants. These factors serve as an early warning system to alert both the lender and the company that the business may not be headed in a positive direction.