Start with the purpose
Commercial finance may support property, equipment, expansion or working capital. Defining the purpose clearly helps identify the type of facility and the information a lender will need.
Understand the cash-flow impact
The cost of finance needs to be considered alongside the timing of income, operating expenses and the value the funding is expected to create.
Prepare the story behind the numbers
Financial statements matter, but lenders also need to understand the business, its owners and the plan. A clear application brings those pieces together.
Compare structure as well as price
Interest cost is one part of the decision. Security, repayment flexibility, loan term and ongoing requirements can be equally important.
This article contains general information only. It does not take account of your objectives, financial situation or needs.