How to apply for a successful business loan

Kochie’s Business Builders: Daniel Carr, GM Small Business NAB, gives us the lowdown on the what, when and how of applying for business finance.

Cec Busby

May 16, 2019 1 min read

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Carr says when applying for a loan it is vital to get your documentation right so that a lender can correctly assess your situation.

Do you have your business plan ready? Can you answer the following questions: What do you supply? What’s your potential? Where do you sit in the market? How is your cash flow? What security can you provide?

Carr suggests using a business loan calculator to accurately predict the amount you may need to borrow and consulting with a specialist business banker for more advice.100%” height=”360″

This post was written by Ces Busby and originally appeared on Kochie’s Business Builders.

About the author

Cec Busby

Editor

Cec has been telling stories and chasing headlines for more than 25 years. These days, she’s editor of Private Media’s Business Builders and Flying Solo, and the voice behind the Flying Solo and First Act podcasts. She kicked off her editing career as the founding editor of Sydney street press The Brag and has since worn the editor’s hat across a stack of titles – from SX and CULT to Better Pictures, Total Rock, MTV, fasterlouder, mynikonlife and Fantastic Living. Cec’s reporting runs the gamut. She’s covered small business, politics, health and LGBTQIA+ issues with equal passion. And when she’s not in print or online, you might have caught her behind the mic at FBi Radio or in front of the camera on OutTV.

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