How to prepare for growth funding - checklist and lender criteria

• Cash flow challenge:  I need funding to expand, but I’m not sure my business is in the best position to attract the right offers.

• Perfect for: Business owners planning for growth who want to increase their chances of securing funding on favourable terms.

Novuna helps businesses prepare for and secure the funding they need to grow, either through our award winning in-house service or by comparing the market to find the best fit for your goals.

We work with providers who value well prepared applications, help you present your business at its strongest, and match you with the right deal for your growth plans

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Why preparation matters for growth funding

When it comes to funding, first impressions count. Lenders and investors want reassurance that your business is stable, scalable, and ready to handle additional capital. A well-prepared application can mean lower interest rates, better repayment terms, and faster approvals.

Key steps to get your business funding-ready

1. Strengthen your financial records: Ensure your accounts, cash flow forecasts, and profit and loss statements are accurate and up to date. Well presented financials give funders confidence in your ability to manage money responsibly.
2. Reduce outstanding debts: If possible, clear or consolidate existing debts to improve your financial health and credit profile before applying.
3. Build a compelling growth plan: Detail exactly how the funding will be used, the outcomes you expect, and the timeline for delivery. A clear plan shows lenders you’re serious and strategic.
4. Optimise your cash flow: Demonstrating strong cash flow management reassures funders that you can handle repayments without jeopardising operations.
5. Review your credit rating: A healthy business credit score can unlock better rates and terms. Resolve any issues before applying.

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Funding options to consider

• Working capital loans for general growth expenses
• Asset finance for equipment, technology, or vehicles
• Invoice finance to unlock cash from unpaid invoices
• Revenue-based finance for flexible repayment tied to your turnover
  

How Novuna Business Cash Flow can help

We work with you to get your business funding ready, from reviewing your financial position to helping you present a strong application. Whether you’re seeking a working capital loan, invoice finance, or a flexible funding option, we’ll ensure you’re in the best position to secure a great deal.