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Questions
Questions about Financial Wellness Report
Plain answers to common questions on this service, grouped by what you are trying to find out. Each answer starts with the direct reply.
Basics
- What does a credit readiness review actually examine in my business?An independent credit readiness review reads your financials, bank conduct, taxes and records the way a lender would, then flags gaps to fix first.
- What does a lender learn from my debtor ageing report?A debtor ageing report shows how fast customers pay you. Lenders use it to judge collection quality, bad debt risk and the real strength of your receivables.
Eligibility & documents
- Can inconsistent GST filings hurt my chances of getting a business loan?Late or mismatched GST filings can weaken a lender's trust in your turnover and discipline. See what lenders notice and how to repair the record.
- What documents prove to a lender that my business income is genuine?Lenders cross-check filed returns, audited accounts, bank statements and invoices. Learn which records support your income and how to align them.
- Can I still approach a lender if my latest financial year shows a loss?A loss year does not end your chances, but it raises questions. Prepare the cause, recent trading and a repayment case before you approach a lender.
Process
- How do lenders read my bank statements when assessing my business?Lenders study bank statements for turnover, regular credits, overdrafts, returns and sudden swings. Know which patterns build or weaken confidence.
- How do I explain a fall in turnover to a lender before they ask?Raise a drop in sales yourself, with a short cause, evidence and a recovery plan. Lenders respond better to openness than to surprises found later.
- How do related-party transactions affect the way a lender sees my business?Transactions with group concerns, relatives and promoters draw extra scrutiny. Clear documentation and fair terms keep them from clouding your credit.
Choosing & comparing
- Should I clear small pending dues before a credit review?Small overdue items can signal weak discipline to a lender. Learn which ones to settle first, which to dispute, and how to keep records straight.
- What is the difference between profit and cash flow for a lender?Profit is an accounting result while cash flow is money actually available. Lenders care about cash because only cash services loan instalments.
Risks & problems
- Is there a risk in showing a lender projections that look too optimistic?Aggressive forecasts can cost you credibility, invite harsher scrutiny and lead to a smaller or tougher offer. Build realistic projections instead.
- Why was my loan declined even though my business is profitable?Profit alone does not secure a loan. Common reasons for decline include weak cash flow, credit history, thin security, mismatches and policy limits.
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