Your Melbourne Accountant Advice On Securing Loans

Whether you are planning to set up a new business or expand a product line, you will need the financial of a bank to help you infuse capital. Unknown to many, a your Melbourne accountant or small accounting firm Melbourne can prove of be a valuable ally in securing bank loans.

Here are the crucial C’s you want to discuss with your Melbourne accountant or small accounting firm Melbourne:

Cash Flow

Good cash flow gives the bank confidence that you’ll be able to pay back your small business loans. Expect to be asked for records of your cash flow to date, plus any future projections. Your your Melbourne accountant or small accounting firm Melbourne can help you with this.

The bank will be looking for evidence that you can afford pay back what you borrow after you’ve covered other costs like rent, stock and so on. Depending on your situation, the bank might also ask for your company’s payment history and even details of your personal finances.


It’s great if you can provide assets as an alternative to paying back your business bank loan. Collateral can be property, equipment, stock or other assets. Collecting collateral is a last resort for most lenders, who’ll usually much rather work with you to ensure the actual money gets repaid.

You’ll find it much easier to secure a loan if you’re lucky enough to be able to offer collateral as security, especially if you’re a new business without much in the way of history. Many entrepreneurs use their personal assets, but always think very carefully before putting your house on the line.


Banks will compare the amount of cash you’re looking to borrow with the amount already in your business, or with the amount of your own money you’re planning to invest. If you’re risking a large amount of your own money on the business, lenders may see this as evidence that you’re committed to making a success of the business. Make sure to review this with your your Melbourne accountant or small accounting firm Melbourne.

First impressions count, so it’s vital you make a good one when applying for a business bank loan. Lenders will consider your education, your track record and your general attitude towards doing business. If you’re serious about it, they’ll be much more likely to take you seriously.

Good credit reports and impeccable references from people you’ve done business will all help build your case, persuading your bank that you’re a good candidate for a loan.


You might have looked at the state of your industry and the risks faced by your company as part of your business planning. Lenders will probably ask to see your analysis of things, so brush up on the latest trends and developments in your industry.

It’s all about context, of course, which means banks will consider how you plan to use the loan, the state of your specific industry and overall economic conditions. Be prepared to talk about your strategy for meeting challenges and dealing with threats.


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