BANKS. HOW TO GET FUNDING FROM BANKS TO REFINANCE THE COMPANY. HOW TO OBTAIN FINANCING AND REFINANCING BANK BANK. ARRIAGA ASSOCIATES FINANCIAL CONSULTANT EXPERT FINANCING SMES IN CRISIS
BANKS. HOW TO GET FUNDING FROM BANKS. HOW TO GET THE REFINANCING OF SMES
It is very difficult to get bank financing for SMEs. But not so difficult to refinance debt and finding a solution for an SME. Why? Because the bank has lent money to the company and are interested in not losing the money invested in it.
He said earlier he forgets to many companies. Aggressive and defiant behavior of many banks when they fail to pay some fees intimidates many entrepreneurs and they are left at the powerlessness they feel. With great difficulty refinancing the company and only on the basis that the employer makes more guarantees and to endorse the operations of the bank just personally given more funding.
And all this because the employer feels powerless and helpless. Know they have a lot of force against the bank:
You can call the meeting of creditors and the bank may lose some or all of the loans.
The company can live very well with the bankruptcy, not paying former, charging customers and ultimately obtaining funding of all creditors, including banks and other financial institutions.
If calls the meeting of creditors on time can save the employer company and personal assets. You can in this situation to maintain control of the company.
Guarantees may the employer has provided are second mortgages on real estate. In this case the bank does not want to run the mortgage if the first mortgage is high, which many second mortgages are not a real threat.
It is therefore very important that the employer aware that you do have bargaining power with banks. Obviously we must not threaten input. The bank that works with the company is to offer solutions and convince you that the company is viable. If the bank thinks the company has no chance and perhaps do nothing and does not finance more .. But if the bank a chance glimpse not want to lose your investment and provide the air required by the company.
It is therefore very important to develop economic and financial reports for banks, especially finance departments, to visualize that the company will repay the loans.
From this point it is important to pressure the bank to find a solution.
We must stand firm in not giving more guarantees, and only ultimately yield.
It should be clear that determination. As much as the bench press should not give up that is not always necessary and the least.
Do not forget that in any case, bankruptcy can be a great solution if done on time and is managed by appropriate professional consultants, lawyers and economists negotiation experts.
Arriaga Associates is a consulting firm with attorneys, economists and consultants able to get the refinancing of the company. It has been n expert negotiators obtained refinancing amid the crisis. His lawyers have run contests and pre-bankruptcy proceedings.
Jes√ļs Mar√≠a Ruiz de Arriaga Rem√≠rez
Lawyer, economist and consultant. Managing Partner