IT isn’t just phones that are smart these days. Businesses are becoming streetwise and ‘bank savvy’ in their efforts to access finance to better their fortunes. And it isn’t just a need for survival that firms are looking to borrow funds from financial institutions.
According to figures, there is a clear trend towards companies wanting to build new premises and grow their business – and banks are welcoming viable propositions.
A more positive feeling among banks, despite the figures being lower than the Government would like, means many owners are looking at their existing customer base and working out how they can grow. Either through building on established relationships and offering more, or entering new markets.
So the message is clear. If you have a clear strategy and have done your research, you may well find your bank willing to say ‘yes’. Why not make it happen for you?