Here at business funding, we make finance easier to understand, and easier for your business, to help your businesses grow.
In the last 6 months, we’ve seen a turnaround in bank lending. Banks are lending, but small businesses generally have little confidence of this. America has seen a huge rise in both community banks and main stream banks become players in big lending – both private equity and loans.
Arthur Weiss, a partner at the American based law firm Jaffe Raitt Heuer & Weiss PC, said that there has been a huge shift towards banks now competing and bidding to help provide credit for businesses.
He said: “Banks are lending to customers again instead of litigating against them”.
Last summer, Southfield-based Sun Communities Inc., a provider of manufactured- home communities, wanted to replace a $350 million line of credit. “A lot of banks wanted to participate,” Weiss said. The company in fact managed to raise $600 million.
Closer to home, Spanish banks are now starting to provide more commercial and residential mortgages to investors at competitive rates.
Meanwhile a recent survey on Indian businesses by the Credit Information Bureau have shown that banks are once again actively lending to consumers and businesses, although are being tougher on lending to those with a poor credit history.
Back in the UK, the five biggest lenders, RBS, HSBC, Santander, Lloyd’s Banking Group and Barclays have joined forces to launch a huge campaign which will encourage SMEs to apply for loans.
But however big or small your business is, whether it has a turnover of £1 million or £100 million, cash flow problems are working capital are continuous problems. The bank may have already said no to you, and that’s where we come in. Our expert business loan advisers have helped hundreds of business owners get loans from the bank, even if they’ve been rejected previously. They work hard and study your business before placing you with the right bank manager or even look for other alternative ways of financing your business.
Talk to us now for a free, friendly chat, we want to help you out with your business as much as you do!