Business Banking Issues? - Banking Experts may have the answers

PRESS RELEASE - JUNE 2011

Like any relationship, get the communication between a bank and a business wrong and things can get out of hand very quickly.

But unless you have worked in the industry, how would you know how to talk to your bank?

Probably by employing the services of an expert – so you know what the bank needs to know and when!

Such advice does not have to cost a fortune – and could almost certainly be a very worthwhile investment as it can help you match your facilities with the needs of your business and also avoid any potential disputes.

Business Banking Solutions is a unique organisation made up of ex bank managers with a wealth of experience and seniority who know exactly how to identify, and negotiate, your business finance needs. They speak and appreciate the language of banks and can present your case in a way your bank will understand.

Sandy Harrison is one of the founders and he believes many businesses simply don’t fully understand what cash their company needs and how to negotiate terms and conditions that are more favourable than may be first offered.

“The banks today don’t always employ business specific managers and are often dealing with many different types of company. They can only act on the information given to them by the business principals which can sometimes lack details the banks require.

We are very aware of the pitfalls many business owners face when trying to negotiate finance packages from their banks.

Even when things are going well, there are many issues that need to be looked at carefully to avoid later problems – such as types of finance package, terms of repayment and security etc.

We have recently added to our team so that we can assist by helping draw up Business Plans in a format and with information that aids the bank make the correct decision.

And it may be that if the bank doesn’t play ball- then Business Banking Solutions know they are not the only source of support and can make introductions to different types of lending organisations and possibly investment if appropriate.

Often there is not enough information being supplied to get the best possible deals. In such cases we can help identify and fill in the gaps to ‘round off’ the proposition,” said Sandy.

And what if things aren’t going that well?  Then Business Banking Solutions have experts who can advise on matters such as security, including Personal Guarantees, company rescue schemes, re-financing, downsizing and many other financial issues that are affecting UK businesses today.

“Often the banks are seen to be able to have the last word when it comes to financing a thriving business, or dealing with the impact of a struggling business. But that doesn’t have to be the case. They don’t always have all the answers” he added.

One promise that Business Banking Solutions makes is that whatever your business banking issue, they are happy to place their expert knowledge at your disposal – with an initial brief consultation usually being free.

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