If you’re under financial pressure and need working capital, then raising additional finance or refinancing your existing borrowing may be an option.
What’s the best option?
The wrong funding structure is a common cause of cash flow issues, yet it’s a problem that can often be solved with the right advice.
Navigating finance options
There’s a wide range of finance options for businesses looking to refinance, whether it’s factoring / invoice discounting, term loans or overdrafts. The difficulty for many businesses is knowing which option is best for their specific needs and understanding which of the vast number of funders would be the best fit.
We’ll use our knowledge to understand your business and assess your cash requirement and what type of finance would be suitable. We work with a wide range of lenders, and we know what facilities each of them offers, what types of business they favour and their approach to risk.
We can match your business’s funding requirements to the right source and type of funding, giving you borrowing options which fit your business’s working capital cycle and are priced competitively.
Oliver provides clear, straightforward advice in complex situations
In the wake of COVID lenders and funders can change lending criteria and policies quickly. As a result, businesses can sometimes feel as though the goal posts have moved and their options have narrowed. We are constantly talking to lenders that are used to working with businesses in difficulty, and so can approach the right lenders, saving you time and money.
Types of refinancing and funding
We can assist you with:
- Factoring and Invoice Discounting
- Commercial Mortgages
- Bridging Loans
- Asset Finance
- Stock Finance
- Peer-To-Peer Finance (P2P) / Crowdfunding
How does a refinance work?
Lenders are really interested in two main questions:
- Does the business generate enough cash to repay the proposed borrowing on acceptable terms?
- What security can the business offer (i.e. what assets will be available to repay the lender if the business should fail)?
We’ll assess whether you can answer these questions satisfactorily, and if you can we’ll help you compile the information lenders will want to see. This will usually include trading forecasts, and we can either help you to prepare these or independently verify your existing forecasts.
Once we have all the necessary financial information we’ll prepare a summary document which clearly sets out the lending proposition and addresses the key areas which the lenders will focus on. We’ll use this to approach the lenders who we’ve shortlisted, so that they can make a quick decision in principle on whether to proceed. We then continue to liaise with prospective lenders through the remainder of the process, hopefully up to the point of the money being lent.
Our fee for providing this support is mainly contingent on successfully obtaining the finance, so you don’t run the risk of incurring significant costs without a positive end result.
Guides & Updates
Explore our insights for help with managing financial pressures and building resilience in your business.