The 6 Pillars of Bankability
| Pillar | Status | Key finding | Priority action |
|---|---|---|---|
| Clean, reliable financial records | Partial | Management accounts are prepared but not reconciled monthly | Introduce a monthly close and reconciliation routine |
| Separation of owner and business finances | Gap | Owner drawings are mixed with operating expenses | Set up separate accounts and a formal drawings policy |
| Positive, predictable cash flow | Partial | Seasonal dips, with no 12-month forecast | Build a 12-month cash flow forecast |
| Governance and documentation | Strong | Statutory filings and contracts are in place | Maintain; add a board or advisory review cycle |
| Acceptable collateral or credit enhancement | Gap | Assets are not formally registered or valued | Complete asset valuation and explore guarantee options |
| A clear, credible growth story | Partial | The plan is strong, but the use of funds is not quantified | Prepare a use-of-funds schedule and a projection model |