We live in rapidly changing times. Businesses are constantly changing to adapt to new challenges and take advantage of opportunities that change presents. Your financing requirements may have changed with changes in your business. Have you reviewed your financing arrangements recently? Are the facility limits, terms and conditions, covenants and security arrangements still appropriate in the context of your current business circumstances and your business plans in the next 12 months? Should your facilities and/or the terms and conditions be varied or restructured?
If you answered “No” or “Not sure” to any of the above and you would like to have an independent review of your financing arrangements, contact us. Annual Reviews: Pro-active vs Reactive All finance agreements include an annual review requirement at a minimum. Do you just send in a copy of the accounts at each reporting deadline and wait for questions or do you proactively manage your review process? Does your relationship manager have the time to understand your business and your plans or is his/her portfolio of accounts so large that you rarely, if ever, see him/her? Contact us to find out how a proactive approach to the review process can enhance your financing relationship(s). |
