It was in July 2007 that I left banking, a 32-year career building experience in front-line management of SME’s, Product Management and Development, Marketing, Financial control, Training, Team Management, Performance Management and ‘trouble-shooting’, and of course lending money and managing business relationships. My career spanned two recessions when our business customers were hit hard and Read more about Reflections on 15 years in business[…]
Following my blog of 12th July I am getting feedback that the banks, and their borrowers, are well progressed on the largest loans that need work on transition, but that the banks are concerned about some borrowers with smaller loans, who are not fully engaging with the process, and they are having to ‘chase’ them Read more about How are discussions going with your bank about transition from LIBOR to SONIA?[…]
The transition of loans that are currently linked to LIBOR (London Inter-Bank Offer Rate) onto its replacement, SONIA (Sterling Overnight Index Average) is now well progressed and banks are managing this process well it seems. Each have produced useful guidance notes for borrowers that are affected and setting out the options available to them as Read more about LIBOR transition to SONIA – are you working with your lender?[…]
Many trading businesses are finding that with the decline in the availability of bank overdraft facilities, they are having to use other forms of finance to ‘oil the wheels’ of transactions where the ‘terms of trade’ make cashflow a challenge. A priority client for ‘Cornmill Associates’ found this was the case when they secured a Read more about Trade Finance – how it unlocked a deal for a great client[…]