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 practice that...
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EY reports €393m revenues in Republic of Ireland for 2021 financial year
Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year
Out of Office: National Cyber Security Centre to get additional €2.5 funding and 20 new roles
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures