Growth CircleWhat Is CMA Data?
A plain-language explanation of CMA data, who needs it, what it contains and how to prepare it for a bank or NBFC.
CMA stands for Credit Monitoring Arrangement. CMA data is a standard set of financial statements and schedules that banks use to assess a business loan or working-capital request.
Who needs it
Businesses applying for term loans, cash credit or overdraft limits, and businesses renewing or enhancing existing limits. Some NBFCs ask for similar information.
What it contains
- Past financials in the bank's format
- Estimates for the current year
- Projections for the coming years
- Working-capital assessment and fund flow
- Details of existing loans and repayment
How to prepare it
- Get your financial statements finalised and reconciled.
- Build projections from realistic assumptions, such as expected sales, margins and collection periods.
- Check that turnover matches your GST and income tax filings.
- Keep supporting documents ready for the bank's queries.
Common mistakes
Projections that jump without explanation, numbers that do not match filed returns, and missing schedules. Each one invites queries and delays. See our guide on what banks usually look for.
Formats and requirements vary by lender. Confirm what your bank needs before starting.
Need help with this? See our CMA & Financial Projections or book a consultation. This article is general information, not advice for your specific situation.
More to read
Talk it through with us.
A short conversation is often enough to find the next step.