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Are you going to ask your Bank to fund a project or for more Finance?

July 19, 2022

Many of our “urgent” requests for fast accounting help are where clients are being asked by their bank for the latest financial statements and 31 March 2021 isn’t cutting it now!
If you do see the need to be looking to ask your bank in the near future, it is a good idea to complete our end of year checklists and get us to book your job in sooner rather than later.
We hear in the media how difficult banks can be to borrow money from with the CCCFA affecting the assessments:
Credit Contracts and Consumer Finance Act | Consumer Protection
We hear of people being declined because they have spent too much on takeaways or the like. So, it’s probably a good idea to “run a tight ship” in the lead up to any application for funds form your bank. Government is, I understand, looking at issues the CCCFA has created by accident – let’s hope this helps improve the process for borrowers.

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Chartered Accountants Howick Auckland Chapel Road Blue
4 Johns Lane, Pakuranga
Auckland, 2010
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