If you know that you’re going to need financing for your business in the near future then you should start working on it now.

It is never too early to start the process. You can start by looking for a lender and then building a relationship with that lender.

Build a good relationship

If you can build a good relationship with the people who will be in charge of your loan approval before you apply for the loan, you stand a better chance of getting your loan approved. We have all seen how people with connections get ahead in life by utilising that exact aspect – so why not do the same?

It's the same prinicple as your credit history, it can strengthen the relationship with your lender and ensure you're not only getting finance but also the best service possible.

If you have an already good standing relationship with your preferred lender, it should be maintained as it helps the process of getting business finance.

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