Tag Archive
Development funding – is it still available?
In the pre-Credit Crunch days there were two essential ways to finance a development project, go with a bank who would usually lend up to 65% of the land value and up to 65% of the build costs drawn down in stages as the development progressed, or secondly go with a specialist lender who would [...]
Why so many Questions?
As the UK funding market eases a little more and more businesses who have been biding their time for the last three years are making their funding plans for the future, but wow, has the market changed or what and the biggest retort we have been hearing over the last few weeks has been – [...]
Nearly 60% of businesses seeking bank finance in 2009/10 rejected by their bank
Prospective clients often find their way to us as they have approached their own bankers to support their borrowing requirements and are astounded after years of loyalty to the bank concerned, their applications are being rejected. Indeed according to the Institute of Directors “… nearly 60% of businesses seeking bank finance in 2009/10 were rejected by [...]
Anybody Want to Buy an Umbrella?
It appears, finally, that someone has woken up to the fact that the lenders bailed out by the UK Taxpayer are not delivering on their promises to support the SME sector with business borrowing. I was tickled by a comment on the BBC news this morning (09/02/10) from a spokesman from Lloyds Bank claiming that [...]
Monday Morning Bulletin 25th January 2010
Please contact me for further details of this week’s Bulletin which contains the following points: Bank investors received a shock last week with the announcement of far reaching banking reforms by President Obama. The proposals see the breaking up of large banks into either commercial, deposit taking organisations or those involved in proprietary trading activities. [...]