Tip: Helping SME’s: Before speaking to the Bank for Finance...

What to do before you speak to the bank for an overdraft or loan.

 1.       Review your ledger – how much monies are overdue. Get the money in even if it means getting a debt recovery involved. The healthier your ledger the more attractive the company.

2.       Have your plant and machinery valued see if you can raise finance another way

3.       Review your credit control processes to assure anyone lending you finance that you have the right systems and process in place.