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at is the most important reason to consider an owner's financial situation when reviewing a business

Privately held businesses and their owners are closely linked, making it difficult for the business to succeed.

Owners of privately held businesses typically guarantee the business's loans, so their income and expenses should be accounted for when calculating the business's ability to service debt.

If the owner of a privately held business increases their withdrawals from the business to satisfy personal obligations, it may impact the business's ability to service debt.