1 guide on the topic “Bank”: legal obligations, concrete procedures, costs and deadlines.
The bank remains the first financial partner of most businesses. It holds the business account, grants loans and assesses how sound projects are. This page helps founders and managers build a lasting banking relationship.
Everything often starts with a dedicated account. This account clearly separates private and business money. It also simplifies bookkeeping and tax checks.
For an SRL or SA, the bank plays a role from incorporation onwards. It receives cash contributions on a blocked account. It then gives the notary a certificate. The bank also checks the identity of directors and beneficial owners, as anti-money laundering law requires. Our article on opening a business bank account compares offers and required documents.
A credit analyst reads a file quickly. They look for reassuring signals and warning signs. Here are the main criteria.
A project funded entirely by debt almost always raises concerns. Many bankers therefore expect a significant personal contribution. Guarantees, such as a personal surety, also enter the discussion. To prepare your request, read the seven mistakes that sink a loan application.
A good file answers questions before anyone asks them. It brings together a few essential documents. First, a business plan presents the offer, market and team. On this point, see the structure of a business plan in Belgium. Next, a forecast covers the three key tables. Our article on the income statement, cash flow and financing explains how they connect.
For a new company, the banker often also asks for the financial plan. See what the mandatory financial plan must contain. Finally, add a short note explaining your assumptions. This transparency makes the decision easier.
A refusal does not necessarily end the project. First, ask for the precise reasons behind the decision. Then rework the weak points, often the personal contribution or cash flow. Also compare several institutions, since their risk policies differ.
In addition, other funding sources exist. Regional funds, subordinated loans or private investors can complement a bank loan. The FPS Economy also presents financing solutions for SMEs. To attract private individuals, discover the tax shelter for young companies. Finally, trust with your bank grows over time, through regular and reliable information.
