Business Plan, I remember having one of those when I first started… I cannot remember how many times we hear a quote like that. The real conundrum here is the question of what is a business plan? Not what it tangibly is, but what the point and benefit of it are to the business. Airfix
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We have worked with a number of clients recently who had taken a commercial loan from their bank in the last few years. So What is The Risk, I Have Made All The Repayments? This is a common misconception, that if all the repayments have been made then there is nothing more to be
-> Continue reading Be Prepared – Your Bank Could Renegotiate
Computer Says No, or What Is Credit Scoring? We often get asked this, or rather asked to explain how the decision made by the bank has been arrived at. Firstly, Credit Scoring is a statistically based system which judges each proposal on a set of criteria driven from past experience. It doesn’t judge you
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We often find clients asking us why they have been asked something by their bank, or being asked to provide something they have never been asked for previously. Here we try to shed a little light on things, and give you some insider information… Can I Have a Business Plan? Normally asked in conjunction with
-> Continue reading What Do Banks Really Mean??