Most businesses need bank finance at some stage in their life, for start up finance, working capital or to restructure existing borrowings.
Most businesses need bank finance at some stage in their life, whether this is for start up finance, working capital, acquisitions or even to restructure existing borrowings. This is usually in the form of bank overdraft or bank loan(s) or a combination of both.
Full supporting security is required for almost all bank finance, this will normally entail the bank taking a charge over the company’s assets. Where there is insufficient security in the business, then a bank would look to take security from the owners in the form of personal guarantees or charges on personal property.
For viable business propositions that lack sufficient security, a bank may be able to obtain security guarantees from the DTI under the Small Firms Loan Guarantee Scheme.
In order to obtain bank finance, most businesses need to present a professional business plan incorporating detailed financial projections to identify:
At Sterling Capital Reserve we regularly introduce deals to bank managers across the country. Using our services will give your proposition a number of advantages:
We also offer a review of existing financial arrangements to ensure clients are getting a good deal from their current finance providers.
Add credibility to your approach to the bank, contact us today. Remember you only have one shot at making a first impression!
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you a competitive UK Commercial Finance Deal.
