Key questions
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• Do you have working capital facilities, overdraft or factoring arrangements? If there are exceptional costs on the balance sheet you will need to explain them.
• Why is profit growth or decline occurring?
• What investment have you yourself made in the business?
• Do you have your own workshops or do you contract out vehicle maintenance?
Funders need a solid risk assessment of your business and you can help yourself by being doing as much work as possible in advance of your meetings. By preparing properly you not only have a better chance of getting what you want, you are also carrying out a detailed assessment of what's going on in your business -a useful exercise at any time.