Many companies are dependent on their banks to fulfill their financial needs. Unfortunately many small and medium-sized firms have trouble obtaining bank loans. This influences not only their cost structure but also their profitability and capacity for growth. The specialists at BDO Specialist Advisory Services can advise you on how to access less expensive and broader financing sources.
Support in obtaining means of Finance
An entrepreneur should be well prepared in order to obtain financing for his business plan on the best possible terms. The bank will try to estimate the solvency of his company as accurately as possible. As an entrepreneur you will have to supply your bank with a great amount of data including your business plan and financial reports (for example a balance sheet, profit and loss statement and cash flow projections).
BDO Specialist Advisory Services advises on finance questions in situations of growth (growth financing) and heavy weather situations (turn-around financing). Services include an early estimate of the need for financing, the drafting of a finance memorandum and the supervision of the actual process of obtaining adequate financing.
Optimizing your current financing
Credit agreements have often been realized in a distant past and have not been adjusted in the interim to the current situation or interest rates. The assumptions on which the financing was obtained are therefore frequently based on the company’s profits and forecast from the past. Therefore, it is recommendable to reconsider existing finance agreements regularly in order to optimize them. This can save you company a great deal of money; our advisors would gladly help you weigh all your possibilities.
Please contact Gerd Glaudemans at (599 9) 4621200 for a response to your question or to make an appointment.