Banking Review Service
The banks show an increasingly harsh attitude to small businesses but help is at hand with Forrester Boyd’s Banking Review Service
For many small businesses, relations with their bank have never been worse. With the UK banking going through unprecedented changes, the ‘knock-on’ effect for business are adverse changes to existing facilities and more difficulty in obtaining new funding.
Help from Forrester Boyd’s own ‘bank manager’
At Forrester Boyd we are fortunate to be able to offer our clients specialist support with dealings with their banks. Paul Gray joined Forrester Boyd in 2007 bringing 20 years experience in commercial lending with a large bank. His knowledge of banking processes and local professionals in the sector has been of great help to many business owners already and is available to all clients who may benefit from his guidance and support.
“The service we provide is bespoke to every client” explained Paul Gray “and can range from a brief discussion to getting fully involved in the negotiations on behalf of our clients”.
“We can help with many areas including lending proposals and terms such as financial covenants, security required plus assist on transactional services, international matters and alternative sources of finance if appropriate. My experience in the banking world is invaluable in achieving positive solutions and outcomes for our clients”
Recent client successes include
• the sanction of a new £2.5m loan facility
• an annual saving of £28,000 per annum on an existing loan facility
• improved terms being obtained for an Invoice Financing facility saving an estimated £5,000 per annum.
No cost initial review
The service commences with an initial review, at no cost, in order to see what may be achievable. And, because we recognise that these issues can be urgent, Paul is able to react swiftly when needed.
If you need more information about the service or would like how we could help then contact Paul here or simply speak to your normal contact at Forrester Boyd.
