Getting Ready for a Loan

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Managing Resources

Managing Resources

How well you manage day to day affairs of your business is a prime consideration for your Lenders. Key indicators are:

  1. How quickly you collect the money owed to you? Do you keep your accounts receivables to the minimum?
  2. How much time do you get to pay your dues?
  3. How much working capital do you have to run your business?
  4. How much time does it take to move the inventory from your business to customers? Inventory turnover is a key indicator of business efficiency