Tuesday, 20 September 2016

Business Finance | Bank's can't do it anymore

Business Finance | Banks can't do it anymore

There was a time when the sensible way for a respectable small business to finance the ups and downs of their developing cash flow requirements was to trip down the bank with their figures and see a friendly Bank Manager who knew them, understood their business and had the discretion to assist them sensibly and proportionately with an overdraft.

There were rules about this. With a long climb up the specialist ladder behind him (mostly a him) he knew how to assess the risk and how to apply the brake when required through monitoring, understanding and sensible appreciation of what the customer was trying to do.

And then the system changed.  To read the full LinkedIn article, click here.

No comments:

Post a Comment