Build the full financing commitment into your budget.
Build the full financing commitment into your budget
A funding purpose connected to practical progress.
Repayment considered alongside existing commitments.
Availability and terms depend on assessment and the agreed loan.
A realistic budget includes both the cost of the project and the cost of financing it. Professional fees, interest, charges, insurance and applicable taxes may all affect the amount the business needs to set aside.
The timing of finance matters as much as the amount. Connect the expenditure to the period in which it will provide a benefit, and consider how regular repayments fit alongside other costs. A sensible plan allows for delays, changing expenses and a more cautious income forecast.
