The Guide to Accessing Bank Finance contains practical informationcovering criteria that banks and lenders use to make their decisions onlending applications.
Some of the key criteria include:
- Character and ability
- Performance
- Conduct of account
- Requirements
- Serviceability
- Security.
The guide also offers a ten-step process to assist in creating aneffective and persuasive business case to support an application to abank. The following areas should be covered:
- Business background: this should include ownership, history, locationand competition.
- Purpose and vision: explain the purpose of your application andprovide clear aims and objectives.
- Risks: show that you have considered and understand the risks thataffect your business.
- Financial awareness: identify the key financial drivers anddemonstrate the robustness of your financial model.
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