Finding finance for the recovery
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Banks aren't making it easy for small business to borrow - make sure you get your approach right. Banks are still in the business of lending money, it's their lifeblood, though they're more cautious about risk now and are putting a strong focus on security for loans. But businesses with a strong cashflow, a bright future and sound management will still win through. Build your bank contacts and maintain them carefully . Prepare your documentation thoroughly, and don't ask for less than you really need.Topics: Economy, Financial Management, Management |
Adrian McFedries, DC Strategy |