How to apply for a successful business loan
Kochie's Business Builders: Daniel Carr, GM Small Business NAB, gives us the lowdown on the what, when and how of applying for business finance.
Carr says when applying for a loan it is vital to get your documentation right so that a lender can correctly assess your situation.
Do you have your business plan ready? Can you answer the following questions: What do you supply? What’s your potential? Where do you sit in the market? How is your cash flow? What security can you provide?
Carr suggests using a business loan calculator to accurately predict the amount you may need to borrow and consulting with a specialist business banker for more advice.100%” height=”360″
This post was written by Ces Busby and originally appeared on Kochie’s Business Builders.