Recent content by Anglia Finance

  1. Anglia Finance

    efg loan default

    Judging by the rate of defaults and inability to claim on a lot of guarantees (as there are no personal assets) I suspect they have lost a lot more than they have made!
  2. Anglia Finance

    efg loan default

    The scheme is there to give the banks assurances that in the event that the client defaults and they are unable to get the money back from them they still will receive some of the money back. The purpose is there to allow the banks to lend when the only reason they wouldn't normally is the lack...
  3. Anglia Finance

    efg loan default

    What insurance do you mean? There is no a set policy that links to an EFG scheme so if the bank sold you life cover then you'll need to review that policy. If you are referring to the fact the loan is also secured by Government this is certainly not an insurance policy but assistance in...
  4. Anglia Finance

    Crowd Funding feedback

    Thank you for posting, this does provide a good overview of crowd funding and we have used with a client. What I am after is feedback from businesses that have approached direct for funding and what there experience was of it. Thanks again.
  5. Anglia Finance

    Crowd Funding feedback

    Hi all Interested to hear any feedback businesses have had with crowd funders, the likes of Funding Circle. Positive or negative, want to build up a balanced view of instances they've helped with and views on the process to get the loan. Thanks
  6. Anglia Finance

    A good Invoice Financier?

    Whole heartedly agree with Ian's response, price will certainly be cheaper by using a good broker and saying a broker receives a quarter of the lifetime service fee is just an incorrect blanket statement. In my opinion the most important reason for using a broker is not the headline price but...
  7. Anglia Finance

    efg loan default

    Please do keep us informed. Interestingly I have had half a dozen calls over the last few weeks asking advice on EFG loans on the back of this forum, I feel this subject will be increasingly discussed.
  8. Anglia Finance

    Cashflow

    Informative response Malcolm. The small SME market is very hit & miss with the Banks. I would be happy to chat through with you, please direct message me or call me. Regards Liam
  9. Anglia Finance

    What is a specialist relationship manager at natwest ?

    I know this post was some time ago and I presume this meeting has now taken place. Each bank has a different name for a manager (Specialised relationship manager, intensive care manager, categorised manager), that has a smaller portfolio so can spend more time with clients when they perceive...
  10. Anglia Finance

    Are banks lending money?

    I'd say that's a pretty accurate reflection in our experience.
  11. Anglia Finance

    A good Invoice Financier?

    Robbie33 A good question you but will struggle to find an independent view on an open forum as this depends on many factors in your business and also not only the best funders but the office / 'salesman' that you see. By far the best thing to do is speak with an independent brokerage (such as...
  12. Anglia Finance

    Are banks lending money?

    Most banks will take a view on lending unsecured at this figure and below dependent on the applicant, Santander do definitley have an appetite to lend though. If a bank is asking for security for loans of £25K and below where there is no other borrowing with them it's definitely worth shopping...
  13. Anglia Finance

    Are banks lending money?

    As with most posts in forums things do go off topic. I'm sure you'll agree it is important to match the right client with the right lender though to ensure they are lending to the levels expected as opposed reducing availablility. In traditional lending I think this is absolutely key, a...
  14. Anglia Finance

    Are banks lending money?

    Alan, thankyou for this post. I completely agree with your sentiments, the Banks certainly turned into pawn shops and the key criteria was security as opposed management team and affordability hence we find ourselves in the current situation when security values fell and affordability was not...
  15. Anglia Finance

    Micro-Business banking????

    Co-op also offer a free banking product for small businesses and are the main competition to Santander for a similar product. They also offer additional benefits if you are a FSB member.
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