If you’re under financial pressure and need working capital, then raising additional finance or refinancing your existing borrowing may be an option.

Changing terms

In the wake of COVID lenders and funders can change lending criteria and policies quickly. As a result, businesses can sometimes feel as though the goal posts have moved and their options have narrowed. We are constantly talking to lenders that are used to working with businesses in difficulty, and so can approach the right lenders, saving you time and money.

Types of refinancing
and funding

We can assist you with:

  • Factoring and Invoice Discounting
  • Overdrafts
  • Commercial Mortgages
  • Bridging Loans
  • Asset Finance
  • Stock Finance
  • Peer-To-Peer Finance (P2P) / Crowdfunding

How does
a refinance work?

Lenders are really interested in two main questions:

  • Does the business generate enough cash to repay the proposed borrowing on acceptable terms?
  • What security can the business offer (i.e. what assets will be available to repay the lender if the business should fail)?

We’ll assess whether you can answer these questions satisfactorily, and if you can we’ll help you compile the information lenders will want to see. This will usually include trading forecasts, and we can either help you to prepare these or independently verify your existing forecasts.

Once we have all the necessary financial information, we’ll prepare a summary document which clearly sets out the lending proposition and addresses the key areas which the lenders will focus on. We’ll use this to approach the lenders who we’ve shortlisted, so that they can make a quick decision in principle on whether to proceed. We then continue to liaise with prospective lenders through the remainder of the process, hopefully up to the point of the money being lent.

Our fee for providing this support is mainly contingent on successfully obtaining the finance, so you don’t run the risk of incurring significant costs without a positive end result.