The secret to getting business finance approval is a strong lending proposal. This will give a lender everything they need to make a considered decision.
Business loan applications are quite a bit more complicated than the average personal credit or loan product. There are numerous factors that a lender needs to consider before they make the decision to approve a business loan, and the information you need to supply is very different to a personal application.
Full post...Potential lenders will want to know what the underlying reasons are for borrowing the funds – not just how the funds will be used. They want you to clarify how the funds will help you to achieve your business goals.
Full post...The past is often a good indicator of the future. Lenders will want to know about your business history, as it will give them insight into where your business is headed.
Full post...Lenders will want to see that you have a competent and skilled management team in place, and that you have systems to keep your business on track, and growing.
Full post...In a nutshell, your sales or business model is the way your company makes money.
Full post...There are certain things you can’t do if you’re not in good shape. You won’t be jumping out of planes, or off bridges, or climbing mountains. The riskier it gets, the less likely you’ll be allowed to do it.
Full post...Before a lender gives you a new loan, they’re going to want to know about all current debts you have (including personal debt in some instances). Provide a list of all current debts, including products like mortgages, credit cards, personal or car loans and lines of credit.
Full post...Once all of the elements of your loan proposal are ready, we’ll be able to put together a compelling loan application and submit it for review.
Full post...Disclaimer: The information published in this section is of a general nature only and does not consider your personal objectives, financial situation or particular needs. Where indicated, third parties have written and supplied the content. We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. We strongly recommend that you obtain independent advice before you act on the content.
We'll help find you the right finance solution. Contact Us