The benefits of using an adviser can include:
- Save time on your loan application process
- Possibly improving the quality of the loan application (and hence the probability of success)
- They can provide advice on the most suitable type of finance for your business
You may want to also consider using a business adviser to help with strategy and planning across your business life cycle. Business advisers are usually experienced practitioners within your industry and can help you develop, refine and translate your business plan into one that will appeal to your lenders. Your state chamber of commerce is a good place to start.
If you decide to use an adviser, download our checklist of questions below which you can ask to determine if the adviser is well suited to help with your loan application.
What do the different advisers do?
The role of a small business banker
This video explains how a small business banker can assist in determining the appropriate loan products for your business.
The role of an accountant
This video explains how an accountant can help a small business owner in making decisions about business finance.