Following on from our article last week; SME Finances will be detailing the ‘ins and outs’ of not only what considerations should be analysed but what steps should be taken when making submission.
- How important is the loan facility to the business?
An obvious but an important query that needs to be answered honestly. Business loans, when used properly, can provide a boost in sales, productivity or expansion. The truth of the matter is that there is a risk to the business, and potentially personal assets, depending on the commercial facility you access.
Explore options, plan the spend and reason whether it is necessary to secure a commercial product at all…
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