How do I access finance for the business

Published January 23rd, 2020

I can’t get any sense from my Bank! An all too frequent phrase I hear these days which you would have rarely heard a decade ago. Getting the Bank to say “yes” has become more challenging for many businesses since the “financial crash” in 2008, writes Mark Lord, business consultant with Berrys.

So what can you do to successfully obtain finance?

Provide the lender with –

  • The last three years’ accounts – ideally the latest year end should be no more than six months ago
  • A Business Plan with full detail of the proposal, an analysis of past performance and financial forecasts to show how the money you are looking to borrow benefits the business. Show in the plan that you can comfortably repay what you are asking for and include some sensitivity around margins and interest costs
  • A full breakdown of the cost of any project and build in a contingency at the outset – it is easier to pay some back than seek forgiveness!

Mark Lord is a Business Consultant with Berrys and has 36 years’ banking experience. He can be contacted on 01743 290634 or email


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More about Mark Lord

Business Consultant
Tel: 01743 290634
Mobile: 07384 250136

Mark joined Berrys in 2017 having taken early retirement from Lloyds Bank after a 36 year career with more than two decades of experience within the Agricultural Sector.

Mark managed clients over a wide geographical area including Shropshire, North Wales, Cheshire and the northern parts of Herefordshire & Worcestershire. He has a wealth of experience gained from his time as Senior Agricultural Manager, managing clients operating in all the agricultural sectors and had responsibility for helping them with finance requests and business plans.

His role for Berrys involves the preparation of Business Plans for clients, appraising their business projects with full supporting analysis of their historic financial information and producing projected profit and loss statements, balance sheets and cash flow forecasts. Plans can also include current technical and financial performance, past performance and comparative analysis against industry data, suggested improvements to the current system and alternative systems.

This allows the client to benefit not only from in-depth financial monitoring and forecasting, but also from the expertise of someone who knows how issues can be fixed, opportunities can be maximised and profit can be increased within agricultural businesses specifically.