Helping you maintain access to finance, on the right terms
- Do you ever feel at a disadvantage when negotiating with your bank?
- Are you aware of the common pitfalls facing borrowers and how to avoid them?
- What would happen if your bank reduced or cancelled your facilities?
Commercial lending is very technical and the way banks work is alien to most business owners; so running a business whilst trying to deal with lenders and maintain access to finance on the right terms can be very stressful, especially without the right support and advice at hand.
Problems can easily arise, and if not handled correctly can lead to all manner of difficulties – relationship issues, increased borrowing costs, requests for more security, or in some cases even to demands for immediate repayment.
This is why many borrowers opt for our BusinessCare service, so that we can support them in their dealings with banks and other lenders, strengthen their ability to negotiate when the need arises, and help them to avoid lending-related problems.
Existing borrowers are under constant scrutiny.
It is important to appreciate that lending money to a business is not a one-off decision and that banks keep borrowers under constant scrutiny. They use many different systems and procedures to check that borrowers are complying with the terms of their finance agreements, to help identify potential problems at an early stage, and so avoid losses. Any potential problems will prompt a bank to review and re-evaluate its arrangements with a borrower, and depending on the banks findings may lead to it taking corrective action.
This is an important subject, so if you would like to understand more about it and the implications for your business, download the e-book on this page entitled ‘How banks oversee their lending book, and the implications for borrowers.’
Prevention is better than cure – how we can help
With our BusinessCare service, you will benefit from our “inside knowledge” and expertise to help you avoid unnecessary problems, strengthen your negotiating position, and retain the facilities your business needs on fair and reasonable terms.
It is easier for us to keep a watchful eye on things for you, and safer than leaving it to chance. We can work comfortably with your Manager, save you both time and help you to avoid misunderstandings that can lead to problems and conflict. Dealing with the bank will be much easier and less stressful for all concerned.
As part of the service, we will carry out a number of activities on your behalf – such as helping you to prepare for any review meetings with the bank, and if required attending those meetings with you. We will tailor the service to your specific needs, so you use only what you need when you need it.
BusinessCare is very cost-effective, has no tie-ins or hidden fees and includes free day-to-day telephone support.
Got a question? Check our Frequently Asked Questions section or our e-books and guidespage. If you can’t find the answer you are looking for and want to find out if our services could benefit you, please get in touch. We would love to hear from you.