Bank refinancing
We have extensive experience in assisting businesses in moving to another Bank, either at their own request, or because they find the Bank no longer wishes to advance funds or have them as a client.
A number of our staff have held senior roles in Banks, so we know what the Banks look for and how to position your business to be attractive to them.
We have excellent relationships with all of the major clearers in the UK, not only at a high level, but also, just as importantly for you, at a local level, where we can introduce you to the right people to look after you.
Whether you need traditional Bank lending, help with deposits or reducing your charges, preparing business plans etc, The First Group has the experience to help you in all your dealings with your new or existing Bank.
We have had particular success recently with obtaining Flexible Business Loans, which could be the right solution for you if you want a loan that is tailored to your business. Here; interest may be payable monthly or quarterly and facilities can be repaid over periods of 12 months to 25 years, depending on the purpose. You may also be able to take a capital repayment holiday of up to two years and defer loan repayments in any year. This type of finance may require additional security to be pledged to the lender, via director's guarantees where applicable, and possibly a charge on suitable property. Where additional security is not available, you may be eligible for the government's Enterprise Finance Scheme.
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As my business has grown they have continued to help with financing which enabled me to not only acquire the office but also refurbish it to a high standard. They introduced me to the benefits of invoice discounting and answered all my questions and those of my accountant thoroughly. I cannot recommend them highly enough and would encourage any company requiring business finance to use them.
Angela Middleton, Managing Director, Middleton Murray
Paul Connell has arranged asset finance for this company, totalling approximately £250,000. He has introduced us to new sources of funding at competitive terms and rates of interest and I have been delighted with his level of service and professionalism.
T.L. Wenman, Director, Metano
