How To Raise Finance
|Business : Starting Up In Business|
Raising finance is a daunting task for anyone, yet it is something that many businesses have to go through.
Therefore whilst the process is fresh and new for you, remember that those you meet with will be making decisions on commercial loans and whether or not to provide them on a daily basis.
The best way to have good dealings therefore is to be as prepared as you can be. Have an excellent and well prepared business plan that clearly contains all the financials - these are the figures that will be looked at and discussed the most.
Remember that the lender will look at five particular factors, and therefore be sure to present your case so that they answer positively in each of these aspects in order to increase your chance of success. These factors are in the 'The five questions banks ask when lending' article.
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