An application is not declined over paperwork.
It is declined over one number in it.
The credit officer checks whether ordinary trading generates enough to cover the instalment, how long you wait to be paid, and how dependent you are on a single customer. All three can be fixed, but not once the application has already been declined.
Over five years the instalment exceeds available cash. Over seven years the same loan clears, with no change to the business itself.
Extract from a real analysis. Company data altered.
Quick analysis
An initial assessment from the official annual accounts filed with the Serbian Business Registers Agency. At this stage we ask for nothing confidential.
- 01An assessment of the credit picture as a credit officer would form it
- 02Key indicators and the trend over the last three years
- 03A conclusion on whether a full analysis before applying is worth it
- 04A reply by email within 24 hours
Full creditworthiness analysis
The annual accounts show the past and do not show everything. Here we work from a current cut: who owes you and for how long, how much flows to related parties, and what genuinely remains for repayment.
- 01Debt capacity. How much the company can repay without straining liquidity, and how the repayment structure changes that
- 02Quality of receivables. How much is collectable, how old it is, and how much hangs on a single customer
- 03Risk points. Everything the application could fail on, ranked by severity, with an assessment of whether it can be fixed
- 04Document consistency. Reviewed before it reaches the bank, because mismatches between statements destroy credibility
- 05Conclusion. Apply or not, at what amount, over what term, and what to fix first
What you send us
- 01A signed NDA — we send it to you before you send anything
- 02A current trial balance
- 03Ledgers as at the same cut-off date: customers, suppliers, advances, fixed assets
- 04A description of the business and the loan you are seeking
- 05Confirmation that you are authorised to share the documents
Business plan for the application
A complete document in the format the institution requires, ready to submit. You do not receive a template to finish yourself.
- 01A business plan in the specific institution's format
- 02Projections for the period required: cash flow, profit and loss, balance sheet, break-even
- 03Projections that hold up in front of a credit officer — an inflated plan does more harm than sending nothing
- 04Required forms and supporting documents completed
- 05Two rounds of revisions included in the price
We prepare for
The Development Fund of the Republic of Serbia, the Chamber of Commerce start-up programme, and banks operating in Serbia. The Fund has a prescribed structure; banks generally accept a narrative plan with projections in a spreadsheet. We have no commercial relationship with any institution.
Turnaround
Five to ten working days from complete documentation. If the call has a filing deadline, tell us in advance and we work to priority. The owner or an authorised person files the application.
Self-employment grant (National Employment Service). We prepare these business plans as well, at €249. The public call has historically opened at the end of February, so we take bookings from January. Completing the entrepreneurship training the Service runs is a condition of entry.
The bank declined you
A refusal almost never comes with an explanation, and a second attempt without fixing the cause ends the same way.
- 01Your submitted documents reviewed through a credit analyst's eyes
- 02The most likely reasons for refusal, ranked by severity
- 03What can be fixed immediately, and what takes two to four quarters
- 04Whether another institution is worth approaching, and when
How we work
A conclusion is worth exactly what the input is worth. The bank will ask for the same thing, only later and at a higher cost of error.
Documents must reconcile
Complete, accurate and internally consistent. A faulty input produces a conclusion worth nothing, to you or to us.
Everything at one cut-off date
The trial balance and ledgers as at the same date, with no discrepancies between them.
The balance sheet must balance
It must be possible to produce a P&L and balance sheet with no gap between assets and liabilities.
NDA before internal documents
We send it for signature before you send any part of the trial balance or ledgers.
Data is not retained
It is processed solely to produce the analysis, deleted after delivery, and never passed to third parties.
Filing stays with you
We prepare the document. The owner or an authorised person files it with the institution.
Send a request
The quick analysis is free and takes 24 hours. For everything else, scope and price are confirmed by email before anyone sends anything.
Company number and description
If you need a business plan, state exactly which institution you are applying to, as the format differs.
Quick analysis
An assessment from registry data within 24 hours. From it you see whether continuing makes sense.
NDA and documents
Only after signature do we exchange the trial balance, ledgers and the rest.
Delivery
The analysis, and where needed a complete business plan ready to file.