Saturday July 4, 2020

The lowdown: Selling your bank on your business

6th March, 2016
Make sure to make a strong initial impression when applying for a business loan Pic:iStock

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 practice that...

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