That creation of the 21st Century, The Credit Crunch has left many businesses and individuals unsure how they should tackle their financial situation. If you are interested in previous financial downturns and how they differ from and are similar to the current one why not examine our blog.

Meanwhile here is a brief summary of the current situation:

Bank lending:

Officially ( according to a Bank of England spokesman ) Banks are lending at their pre problem levels. All banks tell us they have money to lend.

In reality whilst there may be funding available it is certainly more difficult to access. Should you require Bank funding please contact us and we will advise further as to how and who you should approach. There will be a requirement for good accounts, proof that you will be able to meet any agreed repayments and an exit strategy for the funding need to be in place. Security is now more than ever an important issue, but do not expect anything over 70% to even be considered in other than exceptional circumstances.

Banks are trying to improve their liquidity, and one of the ways theuy are doing this is by increasing margins. Gone are the 1% over BBR loans you will have to have a very good proposition to warrant 3% over base and look to it being nearer 4% - 6% over base as a normal rate.

Secondary lenders:

These were the security based lenders of the late 1990's and early 2000 period. They have all but disappeared, nut watch this space as we will be regularly updating what and who are out there lending. COntact us for the very latest iunformation.

Invoice Finance:

Still very much available. Either through the High Street or more likely through the best brokers. Contact us for full details.

Bridging Finance:

Still available

Asset Finance:

Still available

We will be updating this page regularly so come back to check out the current situation. Any enquiries will be dealt withe in an honest way and you will be advbised whether or not there is any possibility for us to obtain your funding.