We can help you work out what loan type and bank are appropriate and realistic for your business. Business loans are different to home loans and require special skills such as valuating the business, understanding the business financials, and working out the business lending process.
Some of the points we consider before applying for business loans are.
- We understand your business finances. Current income, Net profit, Expenses, and future cash flow projections
- Help and guide you prepare a business plan.
- Understand your financial limits in terms of Guarantees, loan to value ratio (LVR), How much equity you have. What assets you can offer as collateral for successful loan approval.
- Guide you to choose loan size, products, interest repayments, hidden charges, and costs.
- Help and get your paperwork ready and collect all supporting documents upfront.