Banks aren’t the most popular of institutions but on the whole they do want to help businesses but make a profit at the same time. However bank managers are no longer empowered as they once were and are constrained by complex credit and risk procedures. If a business is able to present itself in a good light and put forward a proposal written in “bank speak” which covers the banks main concerns, then the bank will be more willing to help and at a reasonable cost! However if they don’t, there are lots of other finance providers who will be willing to look at good proposals.
Initial credit proposal assessment based on current information and plans
Guidance and advice on how best to amend (if required) to stand the best chance of getting both a positive outcome and terms which are good for you
Preparation of credit proposal and associated reports and projections to support the lending application
Considered opinion of other alternative credit products and institutions and methods of funding (i.e. venture capital and crowd funding)