LIBOR transition to SONIA – are you working with your lender?

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?[…]

Trade Finance – how it unlocked a deal for a great client

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[…]

Did you take out a Commercial Term Loan in 2016?

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?[…]