CHALLENGE | SPRINT
Answering to the bank
The bank wants answers on covenants, cash cover, or a facility renewal, and the numbers to back them up aren't ready.
Banks don't wait for a convenient moment to ask. A slow or defensive answer reads as a warning sign, even when the underlying business is fine. The fix isn't a better explanation. It's numbers built to answer the question before it's fully asked.
WHAT THIS MEANS
Answering to the bank is when a lender starts asking questions the finance function isn't set up to answer quickly: covenant headroom, cash cover, the story behind a number.
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CHALLENGES
How we get you ready
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Covenant tracking that's always current
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A lender-ready information pack
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A forecast that holds up to questions
Questions we get asked
What do lenders actually look for when they ask questions like this?
Consistency and speed. They're testing whether the numbers you give today match the story you told last time, and how quickly you can produce them. A confident, fast answer reassures a lender more than a perfect one that takes a week.
How quickly can we get covenant reporting under control?
Most businesses can get a clear, current view of covenant headroom within a Sprint: a few weeks, not months. It starts with the numbers you already have, made reliable and easy to update.
Do we need to tell the bank we're getting help with this?
No. This is about strengthening what you show them, not explaining why you needed support. Most lenders never know a Sprint happened. They just see better numbers, faster.
OUR APPROACH
Getting started is simple
Get in touch and we'll set up a short call to talk through where things stand. If a Sprint is the right next step, we'll scope it there and then. If it's Build, Scale, or Deal, we'll tell you that too, and why.
Get started