Forum General Increased turnover for bank l…

Increased turnover for bank loan purposes
Anon
watch_later 28/01/21

Sir,

A small business person actual sales turnover Rs:30 lacs in f.y.19-20.

Question:

A person how much percentage increase estimated sales turnover in f.y.20-21 and projected sales turnover show in f.y.21-22 for the purpose of bank loan

1 Response | Latest response: 11/03/21 | Sort by Likes(thumb_up) Recent | General Reply
GST Payer
watch_later 11/03/21
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There is no hard and fast rule to estimate future sales.

However, you can use the following methods to estimate a possible increase/decrease in sales.

  1. Calculate average increase in sales over the last 3 years and increase your estimates by same percentage.
  2. Check annual growth in your industry and apply same growth percentage.
  3. Additional investments done to increase production/marketing outputs. Based on efforts calculate estimated sales.
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