HOW TO OBTAIN FINANCING BANK. GETTING BANK REFINANCING. STILL CAN GET GET FINANCING AND REFINANCING BANK BANK. EXPERTS CONSULTANTS ASSOCIATES ARRIAGA FINANCING AND REFINANCING BUSINESS. CONSULTANCY SPECIALIZING IN SMES.
How to get bank financing. How to get bank refinancing. Arriaga Associates consultants in corporate financing and refinancing
It is still possible to get bank financing and refinancing. It remains very difficult and perhaps for some businesses it now impossible. But for most it is still possible.
Getting bank financing or refinance existing in any case it is not easy, but as we say not impossible.
Arriaga Associates, as consultants on bank financing and refinancing, we may give the following recommendations:
1 .- Do not be afraid to ask for money to banks. Request must be clearly and assertively. And you have to spend time remains an important task which should be the address above. It should be a planned activity.
2 .- We need to develop a business plan that can justify that the company will be able to repay the debt. The risk committees of financial institutions need papers with facts and figures. It is therefore important to develop feasibility plans, reports, budgets, cash, etc..
3 .- We must make an inventory of the banks that have lent money. Do not allow any bank to not renew any credit account. You must have the credit score used and prepared in full at the time of maturity, and from there to negotiate. The idea is to offer to transform the credit account of a loan to pay ICO in several years.
4 .- The banks that have lent money to the company can refinance. They should not have any problem in refinancing the debt to them is always worse than not being paid. Banks that already have money invested in the company are those that can provide the solution.
5 .- The threat to file a bankruptcy can be a measure of the pressure for bank financing and refinancing of those financial institutions that have already invested in the company.
6 .- Do not despise the idea of a voluntary bankruptcy. Then stop all debt, including bank, paid for months no charge to anyone and everyone. You can get the debt to postpone several years and is reduced with large qu ites. And above all save your personal and retain control of the company.
This list of recommendations could be greatly extended, and especially because each case will be different: Project finance, factoring, receivables, etc.. . But we have worked these recommendations and we often say that we have refinanced many times in situations of grave SME insolvency.
If you can freely ask their situation and we will give our opinion about its possibilities. We could establish later, if necessary, a fee based on the objectives achieved.
Jes√ļs Mar√≠a Ruiz de Arriaga
Lawyer, economist and consultant. Associate Director.