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4. Do your maths

do your math
Do your maths – 10 Tips to Secure your Business Loan

Let the numbers speak for themselves.

Just like your business plan needs to be accurate reflection of your business potential so much must your financial calculations. Be clear on the amount needed and what the return on investment for your business will be. Provide a clear outline of key assets and liabilities which the funds would contribute towards and demonstrate depreciation and growth levels throughout the life-span of the potential loan term.

While applying for a large amount may be tempting, a lower amount coupled with sound financial management may be what it takes to seal the deal.

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