Bank is in the business of lending monies that it collects or deposited by its customers. Often, we heard that bank only lend to the RICH. Maybe, some rich men had found their formulae to SUCCESS. But I dare said that most business men fail to plan their businesses. They don’t know how to impress their bankers. No plan or business model to show.

With such a high liquidity in the market, most banks want to quickly increase their loan sizes. They lent practically for all reasons, but only to the viable businesses. Borrowers need only to show their future business plan in numbers so that the bank will be able to digest and chew on them before it decides to approve the loan.

Credit Guarantee Corporation of Malaysia, Exim Bank, Bank Islam and other commercial banks are now requesting from the applicants for banking facilities a feasibility report that shows their vision, mission, SWOT, financial statements and last, but not the least, their projections of the business.

With a feasibility report, the bank has no further reason to delay the processing and approving of your application for the banking facilities.