The Quick Guide on Business Loans: What You Must Know Before Talking to a Bank

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The Quick Guide on Business Loans: What You Must Know Before Talking to a Bank

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With businesses on the receiving end of much closer financial scrutiny than before, many struggle to get their hands on finance. Banks, with less money available to lend, are forced to choose which business propositions meet their tighter risk criteria. In the current back-to-basics era, a compelling business case for finance is now a ‘must have’ before meeting a bank. This book is an essential guide to what any business must know before talking to their bank about finance in these changing times.
In this book you will discover: what kind of businesses banks actually like to lend to; how much finance you should ask for; how a bank decides on your credit rating; why banks don’t just lend the money because you offer security; what a bank is really interested in knowing about your business; what ROE is and why it matters; how many business forecasts you should show your bank; how many banking relationships your business should have; what sensitivity analysis is and why you need to know; and a whole lot more!
David Sparks worked in business banking for over twenty years in the UK, Eastern Europe and the Middle East. Subsequently he established a successful training and consulting business with a particular focus on teaching bank managers how to evaluate business customers for credit. In The Quick Guide on Business Loans, David Sparks reveals the mindset of a commercial bank manager when assessing a business for credit.
“If finance is not your thing, then this book is for you! In less than 90 minutes, you’ll be up to speed on what matters and what’s needed to make a persuasive case for finance for your business. An excellent straight- talking read; I defy anyone to go through this book and not come away with a ‘to do’ list that will improve their business case for finance.” Joe Browne, Executive Chairman, SRXGlobal, Sydney, Australia.