---
title: "Video: Tips for seeking finance"
description: In this video James explains which elements of your P&L accounts you should share with your financier when seeking funding during challenging times.
image: https://blog.jpabusiness.com.au/hubfs/slide-7.jpg
---

 28 April 2020

# Video: Tips for seeking finance

WRITTEN BYJames Price | JPAbusiness

This week we’ve created a two-part video series offering advice on **how to communicate with your bank, financier or investors, and what pieces of information to share, if you’re looking to secure funding and ongoing support in the current environment.![Slide](https://blog.jpabusiness.com.au/hs-fs/hubfs/slide-7.jpg?width=350&name=slide-7.jpg)**

In last week’s [video](https://blog.jpabusiness.com.au/blog/video-how-covid-19-is-impacting-different-aspects-of-business) I mentioned that smart business owners are using this time to ask tough questions, including: “What is the best balance sheet and funding structure for my business, going forward?”

As I said then, the smart businesses – even if their balance sheets are quite strong and they have funding lines – are **talking openly to their financiers, sharing re-forecasts and securing extra funding lines**, just in case things become more difficult over the next 6–12 months.

[Part 1](https://youtu.be/3ml0AvPtkd4) of the new video series looks at key Profit and Loss information you should share, while Part 2 – which we’ll release next week – will discuss the most important Working Capital items your financier needs to know about to assess your business position.

 

If you would like advice or assistance in developing a business and financial forecast to share with your financier, please [contact the JPAbusiness team](https://landing.jpabusiness.com.au/contactus) on **02 6360 0360** or **02 9893 1803**, for a confidential, obligation-free discussion.

 

[![New Call-to-action](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/2108706/e7529cfa-b38f-4c58-b933-f43670b7fc93.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/2108706/e7529cfa-b38f-4c58-b933-f43670b7fc93)

 

![James Price 2018 small](https://blog.jpabusiness.com.au/hs-fs/hubfs/1.%20Images/2.%20Logos,%20staff%20photos,%20email%20signatures%20and%20blog%20bios/Photos%20of%20James%20and%20office/James%20Price%202018%20small.jpg?width=100&name=James%20Price%202018%20small.jpg)James Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.

 

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Topics

- [banks and lending ](https://blog.jpabusiness.com.au/blog/topic/banks-and-lending)
- [banking ](https://blog.jpabusiness.com.au/blog/topic/banking)
- [running a business ](https://blog.jpabusiness.com.au/blog/topic/running-a-business)
- [seeking finance ](https://blog.jpabusiness.com.au/blog/topic/seeking-finance)
- [business finance ](https://blog.jpabusiness.com.au/blog/topic/business-finance)
- [COVID-19 ](https://blog.jpabusiness.com.au/blog/topic/covid-19)
- [business strategy ](https://blog.jpabusiness.com.au/blog/topic/business-strategy)

#### Related Blog Posts

### [3 pieces of financial info to share when selling your business [infographic]](https://blog.jpabusiness.com.au/blog/3-pieces-of-financial-info-to-share-when-selling-your-business-infographic)

[Read more ](https://blog.jpabusiness.com.au/blog/3-pieces-of-financial-info-to-share-when-selling-your-business-infographic)

### [Video: Working capital - what your financier needs to know (Part II)](https://blog.jpabusiness.com.au/blog/video-working-capital-what-your-financier-needs-to-know-part-ii)

This week we're sharing Part II of our video series ...

[Read more ](https://blog.jpabusiness.com.au/blog/video-working-capital-what-your-financier-needs-to-know-part-ii)

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