{"id":925,"date":"2014-05-13T16:17:14","date_gmt":"2014-05-13T15:17:14","guid":{"rendered":"http:\/\/www.withcreative.co.uk\/dev\/good-cashflow-forecasting-convinces-banks-to-authorise-large-scale-loans\/"},"modified":"2021-01-15T00:58:36","modified_gmt":"2021-01-15T00:58:36","slug":"good-cashflow-forecasting-convinces-banks-to-authorise-large-scale-loans","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/langricks\/good-cashflow-forecasting-convinces-banks-to-authorise-large-scale-loans\/","title":{"rendered":"Good cashflow forecasting convinces banks to authorise large scale loans"},"content":{"rendered":"
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Through continual dialogue with our clients during the current crisis, we are asked by certain clients to assist with the larger CBILS loan applications.<\/header>\n

One of our clients for whom we already deliver monthly management accounts asked us to put together a cashflow forecast to show to the bank.\u00a0\u00a0Director of our Wilmslow office, Mike Bowker was able to take the information that we already had and worked closely with the client to provide a three year integrated profit and loss account, balance sheet and cash flow forecast, including covenant testing. \u00a0Within five days, we had completed our work and sent it to Lloyds Bank and within a further five days, the loan request for \u00a3850k had been approved.<\/p>\n

Mike Bowker says: \u201cWe continue to develop our financial modelling capability and we know what information lenders need to make decisions. \u00a0Whilst it is difficult to predict the future in the current economic environment, including the ability to easily sensitise the key assumptions in our model allows for efficient stress testing and for breaking points to be quickly assessed\u201d.<\/p>\n