Business Finance

This has been written post re-nationalisation of the banks and in the midst of the credit crunch. Twenty six years in corporate finance taught me one thing – as many businesses are borrowing to compensate for some area of strategic or tactical business inadequacy as are borrowing to fund investment and growth.

So when times are hard and lending is at a premium, the first thing to do is to address your business and marketing strategies to ensure you are not just funding ineffectiveness or inefficiency.

Borrowing for growth is still perfectly possible and Corve Consultancy’s connections in the North West and Greater Manchester mean that you can still be confident of raising new working capital, structured debt or equity.

But let’s remember that lending institutions are going to be looking for the best covenants they can get and a good place to start is with a business that has addressed all the strategic options and has the tactical plans in place to deliver its key business objectives.