Quick answer: Your accountant is not the lender's credit department. They may be able to confirm historical facts such as trading status or financial figures, but may refuse wording that asks them to predict solvency, certify future repayment capacity or support numbers they cannot substantiate. Use primary financial evidence wherever possible.
Questions business owners commonly ask
- The broker says it is just a letter — why is my accountant worried about liability?
- Can the accountant confirm the company is self-sufficient but refuse to say I can afford the new loan?
- Can I simply find another accountant who will sign the template?
Fact confirmation and credit opinion are different
Historical turnover, current trading status and existing obligations can be evidenced. Future repayment under a proposed facility depends on assumptions and is ultimately the lender's credit decision.
Do not shop for an unsupported answer
If the existing accountant cannot support a requested statement from the records, a different signature does not make the proposition true.
Give the exact wording early
The lender or broker should supply the precise information it needs. The accountant can then confirm what is factual, suggest amended wording or identify alternative evidence.
Prefer primary evidence
BAS, tax returns, management accounts, ATO accounts and bank statements often reduce reliance on subjective letters.
Related guides
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General information only. Business lending policy, security, guarantees, pricing, covenants and documentation vary by lender and transaction. This is not legal, tax or accounting advice.
Frequently asked questions
Can an accountant guarantee I can repay?
That is generally not the accountant's role.
Can they confirm historical profit?
They may confirm factual matters they can substantiate.
Can the broker rewrite the letter?
The lender must confirm what alternative evidence or wording it accepts.
Should I change accountants to get the letter?
Not merely to obtain an unsupported statement.
What other evidence may work?
Depending on lender: BAS, bank statements, tax returns, management accounts or other verification.
Sources and verification
Related business finance guides
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