Chapter 3

Do lenders fund your idea, or something else?

Ngân hàng cho vay vì ý tưởng, hay vì điều gì khác?

The chapter's question

If the bank asked today, what document pack could I hand over?

Big idea

Lenders do not assess your idea; they assess your ability to repay and how organised you are.

In this chapter

  1. Part 3.1

    The Three Statements

    Do I have the last two years of statements ready?

  2. Part 3.2

    A Cash Forecast

    Is my forecast convincing enough?

  3. Part 3.3

    Explaining the Odd Numbers

    How do I explain last year's one-off item?

  4. Part 3.4

    Preparing Before You Need It

    Why is preparing before you need it cheaper?

The reading for this chapter is inside Conan School

This chapter has 4 readings, with case stories and exercises. Chapter 1 of Borrowing and Raising is free to read right here.

Read in Conan School

Chapters of Borrowing and Raising

  1. 1.Am I borrowing to grow, or to patch a hole?
  2. 2.Does a low interest rate mean a cheap loan?
  3. 3.Do lenders fund your idea, or something else?
  4. 4.Why is money you never repay the most expensive?
  5. 5.Does the hard part start after the loan is signed?