Business »
MyOffice »
Help for your Business »
Checklist »
Checklist of What Banks Want to Know from You.doc
Your bank will need to know the following when you want a loan:
- How much money do you want to borrow?
- What is the purpose for the money - that is, how will it be used?
- How will the loan be repaid?
- What is the source of the funds that will generate the cash for repayment?
- Do you have a reserve plan in case the funding source you have in mind does not materialise?
- What security can you offer for the loan?
- Are you able to offer a personal guarantee for the loan?
Return to 'Checklist' menu