The Banking Crisis

Yesterdays collapse of the share price of Royal Bank Of Scotland can only delay any recovery in interbank lending which is at the heart of the "credit crunch". It could now be argued that RBS has "cleared the decks" and declared all it's loan problems, but what about the other banks? If suspicions remain then no credit easing will take place further delaying any recovery in the commercial loan and personal finance sector!

Are The UK Banks Playing Fair?

It seems perverse that the main banks are calling in overdrafts or imposing arbitary credit limits for say an invoice factoring facility on businesses that are growing. This is despite being rescued by the taxpayer (some of them at least), on the condition that they lend "normally", whatever that means.

In fact one of those rescued banks has in fact withdrawn a commercial loan offer for a MBO at the very last moment due to "market conditions". This is for a business that should trade well and actually grow in the hard times that face us.

Yes, there are in fact many companies that will grow even during a recession! It's perhaps too early in the rescue process to pass judgement on the banks, so let's hope they don't make things much worse than they need to be!

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.

Earn Commission for UK Commercial Finance Leads

We are looking to add to our list of Introducers

Are you an accountant, IFA or solicitor based in the UK! Perhaps you are a property professional such as an architect, quantity surveyor or valuer!

Your customers will sometimes need help financing their company or project, perhaps you feel an offer they have on the table is too expensive, maybe their bank is being less than helpful, thats the time you should call us and we will endeavor to help!

If the above scenario is familiar, then why not join our expanding band of professionals who introduce business finance leads to us and claim a share of any commission earned. In particular we are seeking leads in the following UK commercial areas:-

• Asset Leasing
• Bridging Loans
• Commercial Mortgages
• Factoring
• Letters of Credit
• Property Development Loans

We are more than happy to help your customers whatever their circumstances on a confidential and no obligation basis.

Visit our web site for more information on the Commercial Loan Services we offer and more information for Introducers.