Скачать с ютуб How can a Non Bank Lender say Yes when a Bank says No? в хорошем качестве

How can a Non Bank Lender say Yes when a Bank says No?

When seeking finance options for your (or your clients') business it's important to understand that Cash Flow Lenders use different criteria when assessing and providing finance and having been shut out by the banks does not mean there are no viable alternatives. Watch to learn more. ** For Cash Flow Solutions for your clients contact Nick Ralph on [email protected] Nick Ralph is your Cash Flow Solutions partner, to help your clients find the right option for their short-term #businesslending The days of the local bank managers having discretionary lending authorities are long gone. Banks lend according to criteria decided on by head office credit committees and if you are outside those criteria, that’s the end of that. Usually they will require hard collateral. The criteria that banks use can seem arbitrary and change without notice. A recent change was made by all the banks in respect of no longer granting finance to businesses that have tax arrears. These criteria can cut off finance access to otherwise credit worthy businesses because they are applied without taking into account a business’s individual circumstances. A good cash flow lender on the other hand will spend the time to understand the complete set of circumstances that apply to a business. That enables a business that may have been rejected by a bank accessing the finance they need. Of course, nothing can make a bad business a good credit risk! If a business has failed to access bank finance, it may still be able to access non-bank finance because good non-bank lenders assess each business on its own merits and have a level of discretion that banks simply no longer have. If you would like to understand the criteria I use to assess loans, have a look at my video on Credit Assessment and feel free to reach out . Thanks for watching.