Sound familiar?
Our finance no longer fits.
The business has changed, but repayments, limits or terms have not kept up.
The situation
You may have several repayments to manage, a limit that no longer covers the trading cycle or terms agreed when the business looked different. First understand what is owed and which commitments are causing pressure.
What might be worth exploring
Changing the repayment pattern or reviewing existing arrangements may give the business more room to operate. We would compare that with keeping the current borrowing or talking to the existing lender, rather than assume a new agreement is the answer.
What to think about
Lower repayments may improve cash flow but can increase the overall cost of borrowing. We'd compare your existing arrangements with the alternatives, considering repayment terms, settlement costs, flexibility and whether any changes to security are needed.
How the conversation starts
Tell us what you have, what has changed and what needs to work differently. You do not need to decide on a replacement arrangement before talking.
Understanding your options
Every lender approaches funding differently. We'll explore the options available, including how the borrowing could be structured and whether any security or guarantees are needed. You'll know what's involved before making any decisions.
No product name needed
Not sure where you fit?
Tell us what you are trying to do, or what needs to change.