Every growing business needs access to capital. But if your business is just starting out or doesn’t have a long track-record showing growth or profitability, how do you convince a lender to take a chance on you?
This video provides straightforward, tactical answers to this question
Every growing business needs access to capital. But if you are a small business just starting out, or don’t have a long track record showing growth or profitability, how do you convince a lender to take a chance on you?
In cases like this, banks are going to look at the business owner’s personal credit history first. So, make the effort to get your credit in good shape.
They are also going to want reliable financial information that they can trust. Show them that reliable and accurate information matters to you too. Hire a reputable accounting firm to keep your books up to date and provide accurate and timely information.
A La CARTE Solutions is a boutique Accounting and CFO Advisory firm working with business owners to increase operational efficiencies and gain clarity over all things business and money. If you want to build trust with a new lender or investor, it would be our pleasure to make sure you have the accounting and finance tools needed to turn goals into reality. Just give us a call or click the Get in Touch button below.