Be your own boss: What the banks want to know

It is imperative that you make a good impression on your bank when you look for a loan, and that means being prepared and plausible, writes Patrick Sutton.

13th April, 2014
Be your own boss: What the banks want to know
Get family, friends and rofessionals to help prepare your bank application. Picture: Getty

In spite of what some commentators might lead you to believe, it is our experience that banks are trying to lend where possible. It's up to the applicant to present their best-case scenario, answer any questions the bank may have, and give them confidence that you are a good investment. As a small or start-up business, you are considered high-risk by default.

A well laid-out business plan is a prerequisite, outlining how the trader is...

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