Commercial Finance Consultancy
Identify the best financing solutions for you
While you might realise that you have a funding gap and need financing support, a Bank has multiple financing solutions ranging from the vanilla i.e. Overdraft, Short Term loan, Revolving Credit Facility (RCF) to the structured i.e. Invoice discounting or Supply chain financing, Purchasing Card, Asset/Inventory Finance etc.
Identify a suitable lender
Preparation of the information required by banks
Banks can require quite a bit of information on your company, i.e. audited annual financial statements, half yearly/quarterly financials, other business information regarding your operations such as supplier and customer information etc for their credit assessment process which they have to undertake to determine whether they can lend to you.
The collation of this information can on one hand be onerous but also if the bank does not get the information they have sought in the form they require, your financing proposal runs the risk of being declined. Further after the initial sharing of information, banks often have follow-on queries and questions (asked by the internal risk teams assessing your financing proposal) which could involve a ‘back and forth’ of queries and responses.
Having undertaken this activity within banks, our team can manage this process on your behalf. We will of course need to obtain this information from your teams, but we can ensure that we discuss with the banks to keep this information requirement to the minimum possible and also gather, collate and present the information as required by banks i.e. manage this process on behalf of your Treasury team.
