Bank Business Loans and Financing

What are the lending criteria for Banks? How can you best present your business to a Bank? What are the alternatives?

If your buisness can demonstrate a good track record, sound commercial management and dependable cash flows, then Bank Funding is possible. vfdnet Virtual Finance Directors work with Business Owners and Managers to help secure Bank Funding, even in these post credit crunch times.

How safe is your Bank? More details on Bank Solvency and 2011 Stress Tests.

Our services for growth businesses are as follows:

Bank funding suitability reviews
Preparation of financial projections
Acting as the ongoing part time Finance Director
Presentations to potential banking providers
Tendering of bank facilities
Negotiation of bank covenants
Commercial facility negotiation

See our newsletter on 'Where to Hunt for Funding?'

The benefits of these services are:

Secure Bank Funding
Ensure best banking deal
Ensure risks are understood and managed

vfdnet part time Finance Directors have extensive experience of arranging bank finance and negotiating the best deal your business. Contact us for a no obligation free discussion on how we can help you.

Case Study

The client needed a good working capital or bank overdraft facility for his rapidly growing business. The vfdnet part time Finance Director reviewed the business, identified key business drivers, and together with the management team wrote the narrative business plan and prepared financial projections. These were then presented to senior Bank Manager contacts, discussed in terms of the most suitable funding, and a Small Firms Loan Guarantee (Now Enterprise Finance Guarantee Loan) was agreed. The Enterprise Finance Guarantee (EFG) loan is not available to every businesses, but where it can be used it is very effective, as the DTI guarantees 75% of the funding requirement.

Note: You can also download a factsheet on funding your business in html or pdf format.

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