We make sure to get a good understanding of you and your business. This enables us to ensure that the solutions and advice we provide will work bespoke to your situation. We would only provide products or services that we would want ourselves and believe to be necessary.
Commercial lending is very different from the normal residential lending. For Commercial Lending, lending risk and bad debt ratios are relatively higher. Statistical history reveals that the failing rate of new companies is higher than 50%!
Banks consider a lot of risk factors. There is no unique formula. Every lender will base from their own experience with customers and bad debt history to establish different lending requirements during each economic cycle. Lending criteria has become stricter since the financial crisis, with commercial interest rates higher than residential mortgages. Without commercial borrowing experience, borrowers may lose out on time and money (valuation fee, etc) yet still not fulfil the strict requirements set by lenders, ending up being refused for loans. This results in many lost opportunities.
With years of professional lending experience, our advisors will help you to present a professional proposal to the lender, helping you achieve higher success rates in securing a loan as well as achieving better interest rates. Most importantly saving you time and money!
Even though the chances may be very small. Ultimately, what can go wrong, will go wrong. It’s only a matter of time.
So , Can you survive if any of these unlucky things happen?
Key priorities of any successful business always include survival and the preservation of capital. As a result, all successful businesses are risk adverse. What can be done to avoid risks? Transfer the risk by getting insurance.
- Employer’s Liability
- Public Liability
- Business Interruption
- Building (including subsidence) and contents (& tenant’s improvements)
- Equipment, stock in trade, goods in transit, etc..
- Product Liability and Professional Indemnity
- Loss of Rent
- Loss of License
- Commercial Vechiles
- Key Man Insurance
- Income Protection
- Critical Illness
- Credit Insurance
- Home Worker
- Loss of Computer / Data
- Protective devices, warranties and maintenance clauses