Applying for business finance

Applying for business finance

Applying for finance or a business loan can be a complicated process, especially when it comes to knowing what the bank’s looking for.

Kochie and NAB’s GM of Small Business, David Bannatyne, have broken the requirements down to help you better understand the process.

The more information you can supply around you and your business the better is the rule when it comes to business loans. David talks about some of the essential information you’ll need to bring along when applying for a business loan.

Get it right first time with four key things. Information that will enable us to get you the right loan for your situation.

A business plan

  1. What do you supply?
  2. What’s your potential?
  3. Where do you sit in the market?
  4. How well do you understand the market?

Cash flow projections

  1. How much cash is coming in?
  2. How much cash do you need to run the business? (Pay wages, etc.)

Details of your security

  1. Documents that show ownership of assets, such as residential premises.
  2. Any other assets, including stocks and shares.

Statement of position

  1. What do you own?
  2. What do you still owe?
  3. What’s the net difference?

Saving money with vehicle and equipment finance

See how an equipment loan helped Recyclable Packaging save money, reduce costs and boost profits.

The 3 C's of credit assessment

When a bank is assessing you for a loan they’ll look at the 3 Cs. NAB’s specialist and Kochie talk through each one.

How to write a business plan

A business plan is used to help support an application for business finance or business grants, or as a roadmap for the growth of your business.

How to increase the value of your business

Whether you’re thinking of selling now or in 10 years, here’s practical advice to boost the value of your business.

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