{"id":3855,"date":"2022-12-16T11:17:18","date_gmt":"2022-12-15T23:17:18","guid":{"rendered":"https:\/\/accelerateonline.blog\/?p=2099"},"modified":"2023-03-17T11:19:34","modified_gmt":"2023-03-16T23:19:34","slug":"what-lenders-want-to-know-about-your-business","status":"publish","type":"post","link":"https:\/\/www.bdsaccountants.co.nz\/uncategorized\/what-lenders-want-to-know-about-your-business","title":{"rendered":"What lenders want to know about your business"},"content":{"rendered":"<p>&nbsp;<\/p>\r\n\r\n<p>While getting a business loan from a bank can be painful (with reams of red tape to wade through), it\u2019s not impossible. <\/p>\r\n\r\n\r\n\r\n<p>Here\u2019s what banks are looking for.<\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li><strong>Motivation:<\/strong> Why are you in business, and what is your vision for the future? You should be able to explain this in a few short sentences.<\/li>\r\n\r\n\r\n\r\n<li><strong>Capability:<\/strong> What skills do you and your staff have? What technology and equipment do you use, and are there any gaps?<\/li>\r\n\r\n\r\n\r\n<li><strong>Financial position and forecasts:<\/strong> Are you in good financial health? What\u2019s the state of your balance sheet? You will need to answer these questions and provide forward-looking statements.<\/li>\r\n\r\n\r\n\r\n<li><strong>Personal spending:<\/strong> The bank will want to know information about your personal spending. Are you a risky splurger, or someone who runs a tight ship at home?<\/li>\r\n<\/ul>\r\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; While getting a business loan from a bank can be painful (with reams of red tape to wade through), it\u2019s not impossible. Here\u2019s what banks are looking for.<\/p>\n","protected":false},"author":2,"featured_media":2916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[492,489,1],"tags":[544,505,543],"yst_prominent_words":[145,237,199],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What lenders want to know about your business - BDS Chartered Accountants<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bdsaccountants.co.nz\/uncategorized\/what-lenders-want-to-know-about-your-business\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What lenders want to know about your business - BDS Chartered Accountants\" \/>\n<meta property=\"og:description\" content=\"&nbsp; While getting a business loan from a bank can be painful (with reams of red tape to wade through), it\u2019s not impossible. 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