The lowdown: Selling your bank on your business
The key to achieving a positive response to your application for business credit is to make a strong case in your initial application.
Finance providers are prepared to lend to viable SMEs, but they want to see credible business plans and cashflow projections to show that there is realistic repayment capacity for the loan or overdraft.
While the additional information requested may appear more onerous, it is actually a return to good banking ...