Augusta
VIP Contributor
Sometimes it is unavoidable to fund a business without needing a loan from external institutions which includes the banks and other financial institutions.
The fact is that some funding application are sometimes rejected by the banks but if you want a speedy funding from the banks then your application should contain all the information needed
So if you want to always have your loan application approved then use the checklist below to always check that you are having the right information on your information
Have on your application information on the description of the current operation and past successes. A lot more on your success
Information on your current balance sheet. for them to assess your net income
Have information on your protected income and expense statement
Give the chronological management plan to show you are an company
Give a narrative of a schedule of visits by extension personnel to assist the business
The bank will want to know about the market plan, so include the names of would be buyers with allowances for losses as you deem fit.
You would need to include information on the repayment plan which might be between 10 to 12 or just include the information you were given about your repayment plan.
The fact is that some funding application are sometimes rejected by the banks but if you want a speedy funding from the banks then your application should contain all the information needed
So if you want to always have your loan application approved then use the checklist below to always check that you are having the right information on your information
Have on your application information on the description of the current operation and past successes. A lot more on your success
Information on your current balance sheet. for them to assess your net income
Have information on your protected income and expense statement
Give the chronological management plan to show you are an company
Give a narrative of a schedule of visits by extension personnel to assist the business
The bank will want to know about the market plan, so include the names of would be buyers with allowances for losses as you deem fit.
You would need to include information on the repayment plan which might be between 10 to 12 or just include the information you were given about your repayment plan.
