I have a number of SME clients, who have seen their trading come under some pressure. Most manage their costs very closely, day to day, so are taking action to align their costs to this new, quite hostile environment. However, it pains me to admit, as an Ex Head of Business Banking for RBS & Natwest - most Banks have a very risk averse attitude, their over-riding priority is security cover.
My clients have complained about inexperienced Relationship Managers, often who have not experienced an economic downturn before, speaking to them in very dismissive terms. Interest rates are increased & fees are added for basic things. A client recently had to pay £500 for personal guarantees to be signed.
Are you happy with your Bank ? Do you need a more sympathetic ear, who is looking to help you grow your business ? Have you considered non traditional forms of finance, that align with your cash-flows and growth plans ?
Acorn to Oaks can help - we have access to over 60 lenders, as a member of NACFB (National Association of Commercial Financial Brokers). We are happy to engage with you & look for solutions, WITHOUT upfront fees.
For a no obligation discussion, ring me FREE on 0800 068 0041.
Jason Oakley MBA DipFS ACIB CeRGI CeCM
Managing Director
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