Time to get to know your goals, aspirations, plans and ideas, both business and personal
A clear understanding and analysis of your personal financial situation is vital to ensure the business can support it
A full assessment needs to be made of the business accounts and a practice valuation, if available, in order to summarise the current financial position based on actual data
When starting a new business from scratch this will be a requirement by the lender however a financial forecast is a useful tool regardless for you to use to assess if you are on track as the business develops.
This includes exploring the whole of the market to determine which is the best deal for your circumstances
Decide which arrangement is the best for you and your business
The all-important part of the process is the application and knowing exactly how to fill this out to satisfy the lenders.
The loan isn’t finalised until the funds are in your account! Chasing solicitors and lenders and managing everything until the final day is essential as is ensuring the terms and conditions of the loan are favourable for you.
Whilst many transactions for commercial finance do have a definite start and finish date, here at Saroma we are interested in caring for your business finances after the loan has been finalised to ensure you are getting the maximum attention and assistance.
3 key reasons why we can raise commercial finance when others struggle