Cash Available But Experts Warn The Bar Is Still High
The enclosed article was published on the Smart Company web site (www.smartcompany.com.au) on August 23rd 2010.
We were asked for our opinion on one of the major banks recent announcement that $6bn was being made available for SME clients. We see it differently - cash might be available but the hoops clients have to go through make it very difficult to secure the finance.
If you are an existing bank customer it will be easier to secure funding as compared to those that are "new to the bank". New to Bank's are viewed much more cautiously - with credit asking companies why they are switching rather than exploring the opportunity itself.
The enclosed article just touches the surface of many of the issues surrounding banking finance in the current market. If you have any further queries or require any further assistance in raising finance for your company or your clients' companies, then please do not hesitate to contact us and we will be pleased to help.
If you are new to factoring, you may want to have a look at our white paper :
In the interim if you have any queries, please do not hesitate to call us on
1300 79 30 60
Alternatively you can email us here
