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Forum of Private Business shows small businesses how to obtain financing
The Forum of Private Business (FPB) has released a new guide to show how small business insurance holders can obtain financing from the banks.
The release of this guide came about after 80 percent of the group’s members stated that the terms and conditions applied to finance have become worse over the past 12 months.
The guide clearly outlines and explains to small business insurance holders how banks judge loan applications and includes tips from management consultants and chartered accountants.
The chairman of the FPB, Noel Guilford, has said that in the ‘current economic climate many small businesses are finding it very difficult to convince their bank managers that they are viable, responsible borrowers.’ Despite this he also suggested that small business insurance holders’ chances of getting a loan could be greatly improved by reading the advice in the guide.
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