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LOAN READINESS SELF TEST

Before you apply for business financing… check if you are likely to get approved?


Answer 10 questions below to know your readiness.

1. My business has been operating for at least 3 years.

1. My business has been operating for at least 3 years.
A
B
C

2. My business bank account shows consistent monthly transactions.

2. My business bank account shows consistent monthly transactions.
A
B
C

3. My revenue trend is stable or growing (not declining sharply).

3. My revenue trend is stable or growing (not declining sharply).
A
B
C

4. I have at least 6 months of complete company bank statements ready.

4. I have at least 6 months of complete company bank statements ready.
A
B
C

5. My yearly sales turnover is more than RM300,000.

5. My yearly sales turnover is more than RM300,000.
A
B
C

6. I have proper financial records (audited accounts / management accounts) submitted for tax filing.

6. I have proper financial records (audited accounts / management accounts) submitted for tax filing.
A
B
C

7. My personal and/or company CCRIS & CTOS shows good record.

7. My personal and/or company CCRIS & CTOS shows good record.
A
B
C

8. I have supporting documents (quotation, invoices, PO, business plan if needed).

8. I have supporting documents (quotation, invoices, PO, business plan if needed).
A
B
C

9. I am not over-committed with existing loans.

9. I am not over-committed with existing loans.
A
B
C

10. I can prepare all required documents within 3–5 working days.

10. I can prepare all required documents within 3–5 working days.
A
B
C