seanp108
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Hi guys, I have a small f&b business for 5 years and a registered company, accountancy firm with all records etc. etc...but i operate with cash and the only real income proof is
credit card statements or accountants could show cash receipts (not sure how much weight that carries with bank loans). Any tips on how to get a line of credit/small loan? Should i change my accountants to a firm more familiar with getting bank loans? if yes, any recommendations?..It would be a challenge to deposit daily cash income and withdaw cash every day but if thats a solution i would run with it but any advice from small business owners would be really appreciated. Thanks, Sean ps...as a newbie I hope this is the right forum to post this.
business line of credit/loan for small cash business
in SME Business in Thailand
Posted
Thanks guys - i think most business operate with some kind of credit line and im making good money but the problem is timing and cashflow or liquidity. Was just wondering if you had a good accountant or tax person who could structure the books/process in such a way that the banks would entertain. But appreciate the feedback and not a beer bar