Preparing For Your Small Business Loan
A survey done by Xero found 76% of small business owners thought applying for business loans difficult and 42% struggled to collate the right financial information, so I thought I’d cover areas like:
- The Why – the kind of information you’re generally asked to provide, understanding why banks ask for it and what lenders are thinking when they look at this information.
- How to prepare and present your business so you look more ‘bankable and ready for the loan application process.
- In essence, a small business will always have access to loans – the question is how much you’re prepared to pay for it. You have a better chance of getting a lower interest rate loan needing less security if you’re organised, apply early and your business is performing. Leaving it to the last minute and not being prepared is why most businesses struggle.
Amy Chen | Amy Chen Coaching & Consulting
After a decade in financial services, Amy turned her focus to working with small businesses when she constantly saw owners pushed out of their comfort zone when she quizzed them on their financials. What she saw were bright people, highly skilled in their area of expertise that with the right help, could easily take control of their numbers to allow time to focus growth and profit. Putting in this work gave clients the confidence that their business foundations were rock solid. Her goal is to provide small business owners with the right tools to conquer their financials to empower them to make informed decisions so their business can thrive. Taking a no BS approach, Amy believes your business mantra should be cash is king, and numbers are easy, when you have the right knowledge. A regular contributor to publications such as Entrepreneur and Smart Company, Amy has worked with companies across many industries both domestically and abroad. She uses her extensive commercial and financial background to help small business owners get to the bottom of their numbers. In doing that, you take control of your cash, you can go back to focusing on what you love doing, without stressing about whether there's enough money to pay the bills. Click here to find out more about Amy...
You will receive an email confirmation with a link two days ahead of the webinar.