ll make the application process long, drawn out and in most cases very complex and hard to approve remember this will cost you money as your broker/agent isn’t working for free and the longer they spend on it, the more they can charge.

What about your own financial position is it being ma

A lot of today’s businesses don’t entirely understand what is involved in a finance application and in some circumstances are not properly prepared for the questions that need to be answered and the information required.

Not being prepared can mean the difference between being approved or not.

Not having your application approved, or not being able to gain the most cost affective and competitive finance result because of lack of information can in most cases slow the forward movement of your business and slow your income growth potential.

It is vital when looking at a new finance opportunity whether it be for more plant and equipment or just more vehicles to increase your sales force, that you are providing your finance agent, bank or broker with as much information as possible, company financials, asset & liabilities, company history etc.

This on the surface could look like a lot of work and very labour intensive, you may also ask “why I am doing that, haven’t I employed someone for that?”

If you don’t have a sound understanding of the information needed and its validity or at very least where it can be found and by whom, it will make the application process long, drawn out and in most cases very complex and hard to approve remember this will cost you money as your broker/agent isn’t working for free and the longer they spend on it, the more they can charge.

What about your own financial position is it being man

or not.

Not having your application approved, or not being able to gain the most cost affective and competitive finance result because of lack of information can in most cases slow the forward movement of your business and slow your income growth potential.

It is vital when looking at a new finance opportunity whether it be for more plant and equipment or just more vehicles to increase your sales force, that you are providing your finance agent, bank or broker with as much information as possible, company financials, asset & liabilities, company history etc.

This on the surface could look like a lot of work and very labour intensive, you may also ask “why I am doing that, haven’t I employed someone for that?”

If you don’t have a sound understanding of the information needed and its validity or at very least where it can be found and by whom, it will make the application process long, drawn out and in most cases very complex and hard to approve remember this will cost you money as your broker/agent isn’t working for free and the longer they spend on it, the more they can charge.

What about your own financial position is it being ma

ing at a new finance opportunity whether it be for more plant and equipment or just more vehicles to increase your sales force, that you are providing your finance agent, bank or broker with as much information as possible, company financials, asset & liabilities, company history etc.

This on the surface could look like a lot of work and very labour intensive, you may also ask “why I am doing that, haven’t I employed someone for that?”

If you don’t have a sound understanding of the information needed and its validity or at very least where it can be found and by whom, it will make the application process long, drawn out and in most cases very complex and hard to approve remember this will cost you money as your broker/agent isn’t working for free and the longer they spend on it, the more they can charge.

What about your own financial position is it being ma

on the surface could look like a lot of work and very labour intensive, you may also ask “why I am doing that, haven’t I employed someone for that?”

If you don’t have a sound understanding of the information needed and its validity or at very least where it can be found and by whom, it will make the application process long, drawn out and in most cases very complex and hard to approve remember this will cost you money as your broker/agent isn’t working for free and the longer they spend on it, the more they can charge.

What about your own financial position is it being ma

ll make the application process long, drawn out and in most cases very complex and hard to approve remember this will cost you money as your broker/agent isn’t working for free and the longer they spend on it, the more they can charge.

What about your own financial position is it being managed by somebody?

If you have a financial advisor, proactive accountant or perhaps a senior employee looking after your personal affairs brilliant.

If not!

Make a simple T account to keep track of your personal financial position and it will also assist in any application for finance as the information of the senior management team is just as important as the information about your company.

Take five minutes to fill out a quick Assets and liabilities balance and keep a copy saved somewhere, update once a month or if you sell off or significantly change your financial position make the update and changes straight away, it is simple and if kept up to date will stay simple, this will assist and fast track the finance application and approval.

Important

The easier you can make it for the agent/broker, could equal less broker fees and commission you PAY!

Another very important factor is WHY?

For what reasons are applying for finance and is what you are financing good value, is it going to cover its cost and is it going to grow your business and bring financial empowerment?

Here is a list of points for you and