allowableOne-time items
One-time facility move or build-out
Expensed costs of relocating or building out a facility that will not recur after the move.
Rule
Add back expensed moving, build-out and duplicate rent during the transition. Capitalized costs are not expensed and are not added back.
Evidence lenders expect
- Invoices
- Lease agreements showing the overlap period
Worked example
As reported
Moving and duplicate rent $46,500
In the memo
$46,500 added back with invoices
The objection you will hear
Business has moved in two of the last three years.
Package your next loan in 15 minutes instead of 3 weeks.
Upload a set of sample tax returns and generate a complete, lender-ready credit memo on your first day.