The next step in the process was to consider which of our panel Lenders were flexible enough in their thinking to consider this type of financing.
This is important, particularly when seeking financing for specialised equipment.
Lender policies and appetite varies widely.
Too often business owners approach their existing Bank, in the mistaken belief all lenders are the same. That if their Bank won’t do it, no one will.
However, increasingly some Lenders service particular niches in the market. They build their expertise and understanding by focusing on a niche and do it well.
Whilst the majors continue to play a valuable role, the market is far more fragmented than a decade ago. For businesses, this means more options exist.