Match funding to the purpose
A business purchase has different needs from short-term working capital. Explain the amount, use of funds and timing so the structure fits the objective.
Show how the loan is repaid
Financial statements, interim results, projections and existing obligations help establish repayment capacity. New ventures need a particularly clear plan and assumptions.
Compare obligations
Review rates, fees, repayment frequency, security and personal guarantees. Approval, pricing and funding speed depend on the lender and a complete application.
A useful starting checklist
- Business financial statements and interim results
- Bank statements and current debts
- Business plan or transaction agreement
- Ownership details and equity contribution