Loan decisions

When a company requests financing, it is advisable to submit a dossier justifying the planned investment, as well as the improvement in sales and cash generation that such investment will bring (in order to justify that enough liquidity will be generated to meet repayments). This, together with the relevant financial documentation –previous and projected balance sheets and income statements, tax returns, social security contributions–, will facilitate the bank's analysis of the operation and its approval.

If you have offers from different entities, it is also necessary to compare them. For example, if you go to two banks for information and receive two offers that only have small differences in the interest rate, the comparison will be simple. But if there are other differences –for example, in opening fees– or if they suggest contracting some additional product to obtain better conditions, the comparison can be more complicated, as you must combine different variables.

In other cases, it is necessary when the company already has granted loans but has cash flow to make partial repayments and is considering what is more convenient, whether to reduce the term or reduce the monthly installment...