Not hearing too much about ‘SONIA’ in the SME world

In the world of ‘Real Estate’ and ‘Corporate’ finance there seems to be activity and communication about the replacement of ‘LIBOR’ with ‘SONIA’. But less so in the SME sector, where I have had minimal enquiries from companies that will be affected by this, despite it being a relatively complex subject. Obviously, the banks are Read more about Not hearing too much about ‘SONIA’ in the SME world[…]

Gain confidence in signing lender’s Facility Letters and Security Doc’s

  When banks or other specialist lenders agree a loan they issue a series of documents, typically an ‘Offer Letter’, which as the process follows through, forms the basis of a ‘Facility Letter’ and then there will be legal documents to sign if security is involved in the loan. These documents are often full of Read more about Gain confidence in signing lender’s Facility Letters and Security Doc’s[…]

Director’s Personal Guarantees – the pressure builds….who will address this?

          The Government side-stepped an issue when they decided that Directors Personal Guarantees (PG’s) were not to be asked for by lenders for the ‘Covid’ loans. But this is an issue that has to be addressed and I’m puzzled as to why lenders and the credit agencies are not doing anything Read more about Director’s Personal Guarantees – the pressure builds….who will address this?[…]