5 Reasons to Check Your Business Affordability Score

When running a successful business, financial health is critical. While many business owners focus on their credit score – something they are familiar with from personal finance, in business affordability is just as important. Your affordability tells lenders if your business can manage new credit or loans. Here are five key reasons to check your affordability score and how Menna can help.

1. Understand Your Financial Position

Your affordability score provides a clear picture of your business’s financial health. It is based on your income, expenses and cash flow, helping you see what you can comfortably afford. Checking your score regularly can highlight areas for improvement and prevent cash flow problems before they arise.

2. Improve Your Chances of Loan Approval

Lenders look at more than just credit scores when you apply for a loan. They assess whether your business can realistically manage repayments. A strong affordability score increases your chances of securing funding at better rates, making it easier to grow your business.

3. Get Better Financial Deals

A good affordability score could mean access to lower interest rates and better credit terms. Businesses with strong financial profiles are often eligible for better deals, saving money in the long run.

4. Plan for Future Growth

Whether you want to expand, hire staff or invest in new equipment, knowing your affordability score helps you plan ahead. It ensures you’re making informed financial decisions without overextending your business.

5. Avoid Unexpected Financial Struggles

By tracking your affordability score, you can spot early warning signs of potential financial issues. This gives you time to adjust spending, manage debt and stay in control of your business finances.

How Menna Can Help

Menna connects to your business bank accounts to assess affordability in real time. You’ll get personalised insights, practical tips to improve your score and access to financial opportunities tailored to your business.

Menna uses your score to help you understand your chances of being accepted for a loan and key steps to take to reach your goal.

Checking your affordability score with Menna is quick, easy, and completely secure. Stay ahead of your finances and give your business the best chance to thrive.