The old adage is that a banker will lend you an umbrella (money) when the sun is shining … but when you really need it, there is nobody in sight.
Much of this has to do with financiers trying to mitigate risk and interpret the information they have in front of them.
SMEs looking to raise any form of capital including:
– Grant Funding
– Trade / Debtor finance
– Project / Tender or contract finance
– General capital
Will need to demonstrate that they have a solid – and up-to-date – set of accounts.
In this episode, Jessica Hubbard talks to Tyronne Nel from SME.Tax about the key metrics that financiers look at when assessing SME finances and tips and tricks for making sure that your business is a viable lending risk.
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