Reports out of the launch of the NACFB on-line directory for businesses – to help business owners’ understand where best to source finance from. This is good news as it will open the eyes of commercial borrowers to the fact that there are more lenders out there than just the names they see on the [...]

One to watch for those borrowers – particularly property investors – who have term loans with the usual covenants built in (i.e interest cover and ‘loan to value’ cover) plus an ‘Interest Rate Management’ contract (commonly known as a SWAP) running alongside. Just seen a case this week where the annual covenant tests are due [...]

Good to see some coverage recently on the issue of businesses taking out interest rate protection policies. It didn’t quite cover all the issues however and as you may expect it painted the banks in a bit of a poor light. The issue about these interest rate contracts (aka SWAPS) is that businesses should not [...]

George Osborne & the Bank of England have a dilemma in that whenever they release funds into the system (intending that it will eventually benefit SME’s, as the engine of the economy) there is a gravitational type pull that sees it eventually in the hands of corporates or banks, strengthening their reserves. Here’s the idea: [...]