CAN A SCALING UP COACH HELP WITH COMPANY FUNDING?

Lately, I’ve found myself having more and more conversations with commercial lenders at networking events. The usual pleasantries lead to the inevitable question, “Steve, what do you do?” When I explain that I’m a certified Scaling Up coach and how I assist businesses grow and scale while increasing profits and margin, the bankers often respond with a common sentiment: “I wish that many of my potential clients would work with you. They could benefit from your expertise because when they seek funding, unfortunately, their company’s financials and operations often raise too many red flags and risks.” It’s from these discussions that this blog takes shape. Here are some insights into what banks look for and how a Scaling Up coach can make a substantial difference:

1. Business Optimization

Imagine you’re a banker. You’d want to ensure that the businesses you lend to are well-oiled machines. A Scaling Up coach can work to streamline your operations, significantly improving the likelihood of your business repaying the loan without a hitch.

2. Financial Strategy

Bankers need confidence that their money will be used wisely. A Scaling Up coach can help you craft a sound financial strategy that spells out precisely how the funds will be deployed and how you’ll guarantee repayment.

3. Risk Mitigation

Bankers tend to be cautious by nature. They appreciate businesses taking concrete steps to reduce risk. A Scaling Up coach can assist you in identifying and addressing potential issues, making your loan application appear less risky.

4. Business Plan Enhancement

Think of your business plan as your pitch to bankers. A Scaling Up coach can help you refine your pitch, emphasizing growth potential, market opportunities, and how the loan perfectly fits into your overall strategy.

5. Investor Relations

Scaling Up coaches often have an extensive network within the finance world. They can introduce you to bankers who are inclined to lend to businesses similar to yours. This introduction can significantly boost your chances of loan approval.

6. Financial Health Assessment

Bankers delve deep into your financial health. A Scaling Up coach can assist in getting control over your finances, managing debt wisely, improving cash flow, and maintaining your business’s financial health, all of which are factors that instill confidence in bankers.

7. Preparation for Due Diligence

Before granting a loan, bankers conduct thorough due diligence. A Scaling Up coach can help you prepare for this process.

8. Pitch and Presentation Skills

Imagine you’re making a compelling case for your loan. A Scaling Up coach can sharpen your presentation skills, leaving bankers with no choice but to say yes when you sit down with them.

9. Monitoring and Accountability

Bankers need assurance that their investments won’t vanish into thin air. A Scaling Up coach offers continuous support and keeps you on the right track, demonstrating to bankers that their money is in capable hands.

In a nutshell, these aspects matter to bankers because they show your commitment to managing their funds responsibly, mitigating risks, and ensuring the long-term success of your business—factors that make bankers more inclined to say, “Let’s make this happen!” So, if you’re looking to secure commercial funding for your business, consider reaching out to me . My expertise could be the key to turning your loan application into a resounding success which will get you the money necessary to grow and scale your business.