Tighter Lending Conditions
Tighter lending conditions are creating an environment of road blocks, in particular impacting smaller businesses following the royal commission’s credit crunch and lending criteria getting tighter. AMD are keen to ensure our clients are prepared for anything that may arise and have a plan in place.
AMD can help you get everything in order to ensure everything is structured correctly to minimise risk. Getting everything organised before lodging your tax return is key. Partnering with a proactive accountant is imperative.
Creating cash flow forecasts are invaluable to ensure you know when to secure funding. The tighter lending space is seeing businesses seek alternative lenders for sources of finance who are happy to step into the voids the banks have left.