If you recognise yourself or your company in the descriptions to the right, then you should be talking to Cornmill Associates. Go to our What We Do section to find out more about our deep knowledge of the sector and how we can help your business with vital relationships in the world of finance.
As an entrepreneur or part of the Senior Management of a growth business, you are familiar with the challenges and frustrations of ensuring you have the financial resources to keep pace. That includes ensuring that you have the right relationships with funders and other finance related professionals. Business can too easily be stifled by banks or finance or a need for better understanding of finance.I support businesses and Company Boards with precisely these challenges.
You will be familiar with the frustration that bankers and SME’s increasingly struggle to talk the same language or share the belief in a business and its owner. I know how banks operate and where the stresses arise.
If your business is making property work for you on a commercial basis, you will know the challenges of accessing finance effectively and dealing with increasing regulation caused by Government based or banking related compliance.
As a long-standing client of a Private Bank you could be frustrated to find that their support is subject to more constraints and changes in policy, especially when it comes to commercial projects. It could even threaten your continued success.
Latest on our blog
I’m supporting a client whose bank has just presented them with a major challenge, with some negotiation needed to tight timescales. The client had taken out a significant 20-year commercial mortgage in 2016 to buy some land to add to his existing property estate. What he’d forgotten, was that although it was repayable over 20 Read more about Did you take out a Commercial Term Loan in 2016?[…]
When Banks, and other specialised commercial property lenders, are looking to lend to commercial property investors, they always have an interest in the ‘Break Clauses’ in the lease granted to tenants. However, with a long-standing tenant of good covenant, in ‘normal times’ the question of the break option being ‘triggered’ is often more of a Read more about Break Options are probably never going to be of so much interest to Property Lenders[…]
Relationships between SME’s and their bankers can be very effective and both parties benefit. But they can go wrong, and often that is down to poor communication by either party. It can also however be down to changes in how banks are having (or choosing) to operate – which are not always understood or accepted Read more about Why dealing with your bank (and other lenders) could be different in 2021[…]
This is a periodic blog of mine, but probably increasingly important for the end of 2020 and 2021. Traditionally, bankers would set up overdraft renewal dates to coincide with the availability of the borrowers year-end accounts, so a fulsome review of the business performance could take place. That still applies with large corporate borrowing facilities, Read more about Overdraft Renewals – Be prepared[…]