Think Smarter: How do your financials look to the bank?
Does your banker think you're a good investment? Banks usually want to see two things: strength in your business' balance sheet, and year on year profit growth.
What are the banks looking for on your balance sheet?
- Your ability to pay debts (liquidity)
- If your debtors are under control
- Whether your business maintains reasonable stock levels
These things can be improved by good internal controls and profit growth. Don't we all want profit growth? What are you doing to take the next step?
Talk to Chad Russell or one of the PKF Business Advisory specialists in your location about how we can help your business boost profit growth and improve its balance sheet.