Getting a Bank Loan or Dating? Businesses get turned down for finance, fact. What it doesn’t mean is that your business proposal or the business itself is wrong. Sometimes it just happens. There is a quote from Sahar Hashemi, co-founder of Coffee Republic; For me it’s a numbers game – you should almost notch up
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Commercial Finance Brokers You know when you have been banging the drum about something, then someone comes along and says exactly what you have been trying to achieve? No? Probably because it doesn’t happen very often. But, our thanks to Vince Cable who has come out and endorsed what Lime Consultancy have been pushing for
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The Real Reason Banks Wont Lend To Business Anytime Soon The economy is growing, inflation under control, interest rates expected to stay static in 2014, a bit more feelgood in the country. The banks are saying the right things, funding initiatives everywhere. So, why are small businesses still finding it hard to get commercial finance?
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Profits, sound pretty simple doesn’t it? You sell, you take off your costs, take off your overheads, feed the family, and what’s left is profit. Maybe, but it is important to understand what profitability is in the eyes of a banker. So what is different and what does a banker look at when profit is
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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
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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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Many of us have heard about ‘Crowd Funding’ or ‘Peer to Peer’ lending, but what are these really about, how do they work and are they the genuine article? The basics are that these sites put the depositor and lender together. Historically the depositor has put his (or hers) cash into the bank, who then
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