Funding Readiness Score
Fourteen questions that tell you whether a bank, SACCO, or investor would seriously consider you today — and exactly what to fix before you apply.
- 1
Do you have management accounts for the last 24 months (P&L, balance sheet, cash flow)?
- 2
Are your last 2 years of financials audited or independently reviewed?
- 3
Are business and personal finances fully separated (dedicated bank account, no owner drawings mixed in)?
- 4
Do you have a credible 3-year financial forecast with clearly stated assumptions?
- 5
Are you fully tax and statutory compliant (KRA PIN, VAT, PAYE, NSSF, SHIF, county permit)?
- 6
Do you have a signed shareholder agreement and up-to-date cap table?
- 7
Are your top customer and supplier contracts written, signed, and current?
- 8
Does your largest customer contribute less than 30% of revenue?
- 9
Can projected cash flow cover the proposed loan repayments at least 1.25x (DSCR)?
- 10
Do you have collateral, a personal guarantee, or a credible security substitute?
- 11
Can you clearly explain how the capital will be deployed and what return it will generate?
- 12
Do you have an investor deck (or funding proposal) that has been reviewed externally?
- 13
Is there a data room with contracts, financials, KYC and corporate documents ready?
- 14
Have you pulled and reviewed your CRB credit report in the last 6 months?
For guidance, not professional advice. Talk to an advisor for decisions that matter.
