Overdraft Renewals – Be prepared

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[…]

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[…]