Advisory

Q Scale Up Advice

Advisory:

Measure the potential change in revenue that could come from your expansion (additional equipment or shoring up working capital).

Always work from worst case scenario standpoint to ascertain the lowest impact this move could have on your business.

Use a revenue forecast along with your existing balance sheet to determine how the move will impact your bottom line.

Before you commit, use our loan calculator to see what the loan cost will look like… 

Would you be able to cover your loan costs and make a profit?

Remember, there may be teething problems, as expected, when there is a change in routine in any business.

Device a way to manage the teething issues looking at the worst case scenario and taking all factors into view.

Be willing to sacrifice for the repayment period where it may seem nothing is left of  profit - it is all for the long-term benefit of your business.

Stay committed and pay up your loan - the more you delay, the more interests you pay.

Keep to your repayment plan as agreed per loan offer, it helps build your credit standing with your financier.

Where conditions change and repayment plan cannot be met without stifling the business, reach out to your financier ahead of time. Be as honest as possible with your financier, so that they can help you come up with a realistic and practical repayment plan.

***Restructure Charges May Apply

For restructures, an early call to your financier, (usually, no later than 3 days to due date) is advisable.

"You can do anything as long as you have the passion, the drive, the focus, and the support." - Sabrina Bryan