Keep in mind that banks have a vested interest in your application’s success, as the interest you pay contributes to their revenue. Therefore, it’s essential for you to present a strong business case that makes their job easier.
Connect the dots for the bank. While they are financial experts, they may not possess extensive knowledge about your specific industry or business. Ensure that you present a clear and compelling narrative, demonstrating how the loan will unlock business growth and ensure timely repayment.
– Income statements and balance sheets from the past two years
– Up-to-date financial statements
– Business plans or project plans showcasing your business’s direction
– Tax returns to verify your income statements
– Bank account statements for verification purposes
If you utilise cloud-based accounting software, much of this information can be generated on demand, including income and expense reports, growth trends, and forecasts.
If you need guidance on applying for a business loan, don’t hesitate to reach out to us. We can provide valuable advice to set you on the right path and enhance your business’s positioning.
Your Outside Team
Need a bit of assistance with your
business? Contact an Outside Accounting team member today and learn more about
our fixed fees. You won’t regret it.
Aside from business consultation, we
are business accountants Wellington
who offer accounting, bookkeeping, payroll services designed to
help you achieve greater financial success.
You can click here to speak to a business, accounting and bookkeeping firm. We will give you a
call to know more about your needs. We will explain to you how we can improve
your business.
Address: Level 2, 182 Vivian Street,
Te Aro, Wellington 6011, New Zealand
Mail: PO Box 24-457, Wellington 6142
Phone: 04 889 2975
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