Many businesses are looking for loans to either cope with the crisis and/or to capitalise on some of the opportunities arising from it.
Lenders are being just as cautious, if not more than in the past, about who they lend funds to.
Any business wanting to secure a loan needs to impress the lender with their proposition and present their operation in the best possible light.
There are four things banks look for. If these aren’t available or are poor quality a loan will be hard to get approved.