It’s no longer just about trust.
As corporate behaviour and retail dynamics continue to invade the sector, centralised lending decisions prevail and a complete lack of regard for liquidity have brought about a banking crisis it would be easy to be judgemental.
Prior to spending eight years with an accountancy practice my twenty five year professional background was in corporate banking.
There remains still, I’m pleased to say, a culture of trust and a commitment to business success amongst many individuals in the banking sector. Together we have achieved everything from funding successful start-ups to the full range of development and acquisition finance during this difficult period.
The Partnership has raised grant support for many regional business projects. These have included funding for individual business or marketing plans and websites as well as for specific training support. In August 2009 I advised on a successful bid from EEDA of £1.4m for the livestock farming and meat industry. The advice included writing the strategic plans from concept to completion of a full business strategy.
I have also been successful in rescuing many businesses, securing funding support by drawing upon my knowledge and contacts as well as establishing the correct level and type of communication.
The new reality is not just about structuring debt proposals with reliable contacts however as following the credit crisis the respective banks are no longer providing similar services at similar costing levels.
Each bank has its own liquidity issue to either resolve or maintain so policy directives are many and varied. Until the whole system finds its equilibrium again an impartial and objective conversation about proposals remains the most efficient and cost effective place to start after which a strategic plan can be structured.