Business Health Test

Page 1 of 3

Liabilities
Bank
Does your business have an overdraft?
Does your business require more funding?
Have you obtained the funding you require?
Has the bank declined an increase in Overdraft?
Has the bank returned any of your payments?
Has the bank called for a decline in Overdraft or extra security?
Has the bank cancelled the existing Overdraft?
Has the bank instituted legal action against you?
Other funding arrangements
Are you funding your business with personal loans funded from credit cards?
Is your business being funded from other associated businesses?
Have you entered into an invoice discounting facility with a third party?
Have you made loans from "loan sharks" at very high interest rates?
Suppliers
Have suppliers increased their credit supply limits without insurance cover?
Has the credit insurance company refused to increase your limits?
Have your suppliers placed you on stop supply?
Have any of your suppliers placed you on terms via a letter of demand?
Have any of your suppliers issued a summons for payment?
Property Leases
Are you up to date with your lease for the property?
Have your received a letter of demand from the landlord?
Have you received a summons from the landlord?
Instalment Sales ("ISAs") and Rental Agreements
Are you up to date with the payment of your rental assets and instalment sale payments?
Have you received a letter of demand from the ISA or rental companies?
Have you received a summons from the ISA or rental companies?
Have they collected their assets?
SARS
Are you up to date with the payment of your PAYE,UIF and VAT?
Are you behind on filing your VAT, PAYE, UIF or tax returns?
Have you received a letter of demand from SARS?
Have you received a summons from SARS?