Getting access to finance isn't just about wanting it - it’s about being ready. Lenders want to see clear signs that your business can repay what it borrows. Before applying, use this quick checklist to make sure you're in the best position possible.
Preparing your business is more than just paperwork - it’s about showing stability, purpose, and potential. Let’s break down the must-haves that can turn a rejection into a solid yes.
Applying too early, without the proper documentation. This can damage your credibility and make it harder to apply again later.
Requesting the wrong type or amount of finance. Asking for too little or too much can send the wrong signal to lenders.
Ignoring alternative lenders. Traditional banks aren’t your only option, non-bank lenders often have more flexible criteria.
Clean books and accurate reporting. Monthly management accounts, profit & loss statements, and balance sheets are essential.
Can you show regular income and control over outgoings? Cash flow projections are also helpful in showing how you’ll service the debt.
A roadmap helps lenders see how funds will be used. Include projected revenue, market analysis, and milestones.
Both business and personal credit scores matter. Check for errors on your reports and take steps to improve them if needed.
Assets or invoices to back the loan. Not all finance options require security, but offering it can widen your lender options.
Contact our team to find out more or explore our business funding solutions.
As a founder of multiple businesses, Jamie believes that mindset, discipline and ambition are key drivers for success, both for his businesses and for his clients.
.png)
