Talking Cents

10 sure ways to get a business loan, explained by your small business accountants in Sydney

No matter the current economic situation, it can always be a challenge for small businesses to get a loan from the big banks. As your small business accountants in Sydney we’ll tell you about the few sure ways that your business can get a loan.

There are a few key indicators that can allow for your business to get approved and your business accountant should be telling you about simple ways to improve your chances:

• Have a strong business plan
• Make sure you provide detailed account information to the bank
• Be prepared for rejection
• Look into different lenders and the options that they offer
• Consider investing your own money before asking for loans
• Be prepared to be on more than one payment plan
• Don’t be afraid to talk to alternative lenders

It is important for you to be on top of your business - the way you manage it - your general finances - as this all has an impact on your ability to get approved for a loan. Be sure to seek assistance from a small business accountant in Zetland if you are after some guidance.

Alternatively, you can get in contact with our small business accountants in Sydney if you have any questions or check out our full range of services here.