It's been reported that the number of SME's using invoice finance to increase working capital has risen dramatically in the second quarter of 2010.
It was also reported in the same article that banks have to reserve capital against overdraft facilities even when not fully utilised.
This second point probably explains why many SME's are being pushed into their banks invoice financing facilities (as revealed by our customers) by various means. Once there, what awaits the newly hooked SME is a raft of charges that either didn't exist or are much higher than before the "credit crisis". Once all charges are taken into account there are much cheaper factoring lenders than high street banks out there!
If your business is being pressured into any kind of factoring deal then please feel free to contact us for a no obligation & confidential discussion about alternative commercial lenders.
Wednesday 1 September 2010
Friday 27 August 2010
Property Development Finance Market Improving?
With at least three property development finance lenders returning to the market in recent weeks the signs are that lending to the property sector may be on the up!
These lenders all offer mezzanine funds, even 100% property finance so this must be good news and adds some much needed competition and choice to the market place.
However we think it will be some time before the level of appetite these UK property lenders have to actually fund projects becomes clear.
These lenders all offer mezzanine funds, even 100% property finance so this must be good news and adds some much needed competition and choice to the market place.
However we think it will be some time before the level of appetite these UK property lenders have to actually fund projects becomes clear.
Thursday 18 February 2010
Business Finance and Your Company
Your company requires finance and submitting a proposal to your own bank for a business loan is just common sense.
However, should your bank then decline your proposal, then what you do next can be the difference between success and failure! Many will just make an approach to the rest of the high street with the same, already rejected proposal.
Only at the end of that process will the company owner find a business finance broker. The prospective borrower will still expect high street rates even though that avenue has already been exhausted! Well it's just not going to happen - too late!
The more astute company owner will seek out help after the first rejection. Why? - because that owner will realise that a specialist who deals with business proposals every day will be able to adapt, improve and address any weaknesses in the next approach to maximise success.
So, what kind of business owner are you?
Business Finance at Eland Business Services Limited. Finance for UK companies.
However, should your bank then decline your proposal, then what you do next can be the difference between success and failure! Many will just make an approach to the rest of the high street with the same, already rejected proposal.
Only at the end of that process will the company owner find a business finance broker. The prospective borrower will still expect high street rates even though that avenue has already been exhausted! Well it's just not going to happen - too late!
The more astute company owner will seek out help after the first rejection. Why? - because that owner will realise that a specialist who deals with business proposals every day will be able to adapt, improve and address any weaknesses in the next approach to maximise success.
So, what kind of business owner are you?
Business Finance at Eland Business Services Limited. Finance for UK companies.
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