Business financing for a new or existing business is a complicated process and a prospective entrepreneur will need all the help they can get.

To process an application for capital, lenders require a large variety of documentation that differs with the type of applicant, namely an individual, a partnership, or a close corporation. In most cases they also expect a prospective borrower to provide the following detailed financial information:

- The firm's pro forma financial statements (balance sheets, income statements and cash flow statements), in which the timing and amounts of the debt repayment are calculated as part of the forecasts.
- Personal financial statements, showing the borrower's personal net worth (assets less debt) and estimated annual income

A lender will not make a loan without knowing the personal financial strength of the borrower. After all, in the world of especially small businesses, the owner is the business.
To evaluate capital, the lenders looks at equity investment of the owners in the business. The more equity the better.

For an assessment of your business financing needs please complete our 20 second Assessment form. Alternatively for more information on business finance contact one of our consultants at 086 110 6204 during normal office hours.

20 Second Application