Bank loan reports: what your bank actually wants

Provisional, projection and management reports, explained simply.

When you apply for or renew a loan, your bank asks for a specific set of reports. Knowing them in advance saves days of back-and-forth.

Provisional reports show where the business stands right now. Projection reports show where it is going and whether you can repay. Management reports — stock and debtor statements — show the bank you are on top of working capital.

Prepared in the format banks expect and backed by clean books, these reports move your file forward instead of stalling it.