Valuation Tips One of the biggest factors that prevent businesses and property investors from borrowing is when the security they are putting up is valued below what the owner thinks it is worth. So what can you do? The first thing is to recognise that there is a difference between an estate agent valuation and
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Personal Guarantees Also referred to as a ‘PG’, a personal guarantee is where you become personally liable for your business liabilities. The most common scenario is where your business borrows money and the lender asks for the director to provide a ‘Personal Guarantee’. The rationale is simple, a limited company can be folded or wound
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The Business Finance Essentials Most business finance paperwork is fairly long, it has a number of clauses and more than it’s fair share of small print. Once you add into that the various conditions, covenants and the security you need to provide then the whole thing can be difficult to understand properly. So what should
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Understanding how business finance decisions are arrived at by general lenders will really help you in obtaining finance in the future. This simple model is an example of the process general lenders use to asses applications for business finance. When we talk about ‘general lenders’ then we refer to banks and finance companies that are
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