This is a general heading that encompasses several areas of finance necessary for the running of your business - banking, commercial loans, materials finance, letters of credit and other credit lines.

Banking

Some say a necessary evil, however rest assured, there are some good banks and bank managers out there. Banks are keen to lend where they can and are always looking for new customers. Most importantly, if you are experiencing difficulties with your own bank, that does not mean that another one cannot or will not help. In many cases, a fresh approach can result in re-structuring your banking needs to the benefit of the business. Financial Rescue members have many good banking contacts and can offer advice where needed.

Commercial Loans

These can be for business development, purchasing of assets and property, Small Firms Loan Guarantee Scheme. Financial Rescue holds a database of every lender in the UK - our members can help to arrange these loans.

Materials Finance

There are only a handful of lenders in the UK who consider this type of finance, particularly for businesses in financial difficulty. Typically it works likes this: you have a requirement for raw materials to convert into finished goods for sale to your customers. The finance company will purchase the raw materials on your behalf enabling you to complete the business. They will request payment when you get paid. Importantly, this type of facility can be organised in addition to or alongside other forms of finance like letters of credit, bank overdrafts/loans and does not affect the security given to existing lenders.

Contact us for further information (on the above and all forms of finance required to successfully manage your business)