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Money / Financial management

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.

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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. 

Kochie's Business Builders

is a leading TV show and website delivering small business news, resources, features and inspiration. Find out more at www.kochiesbusinessbuilders.com.au

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