Further to our previous blog, within the UK business finance market, commercial loan options that do not appear to have been affected by changing criteria are as follows:-
International trade finance seems to have been unaffected by either price increases or loan criteria changes. Therefore exporter and importers requiring "Letters of Credit" or "Forfaiting" can still have similar expectations of funding to the previous 12 months.
The other main business finance area that is relatively unscathed is cashflow finance, although we suspect there may have been some undisclosed changes to criteria in terms of debtor book quality.
Showing posts with label Business Loans. Show all posts
Showing posts with label Business Loans. Show all posts
Tuesday, 5 August 2008
Wednesday, 30 July 2008
Commercial Loan - update
Finance offerings in the commercial loan market place continues to change weekly.
Just recently we have been informed of changes to either prices or criteria in the following commercial areas:-
Price increases in the cost of equipment leasing from a number of lenders.
In the short term leasehold business sector one of the main lenders has pulled out of the market.
A major bridging loan lender has announced slight price reductions accompanied by a large reduction in what they will lend against property values.
It goes without saying that virtually all high geared property development loan lenders have either greatly tightened their lending criteria or are sitting on their hands!
Commercial deals can still be placed but overall the quality of any business finance proposal submitted by either brokers or borrowers needs to be much higher than previously required.
Just recently we have been informed of changes to either prices or criteria in the following commercial areas:-
Price increases in the cost of equipment leasing from a number of lenders.
In the short term leasehold business sector one of the main lenders has pulled out of the market.
A major bridging loan lender has announced slight price reductions accompanied by a large reduction in what they will lend against property values.
It goes without saying that virtually all high geared property development loan lenders have either greatly tightened their lending criteria or are sitting on their hands!
Commercial deals can still be placed but overall the quality of any business finance proposal submitted by either brokers or borrowers needs to be much higher than previously required.
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