Letters of offer from financial institutions and difficulty in drawing down loan funds

From my many years’ of experience as a lending banker one area which causes a lot of anxiety and grief to businesses, is the finalisation of the letter of offer and the draw down of funds. Most businesses see the letter of offer as the end of road and expect to be put in funds Read more about Letters of offer from financial institutions and difficulty in drawing down loan funds[…]

Banks risk assessment of a Company’s ability to service bank debt

The core criteria that banks use nowadays is the concept of “free cash flow”. In the past there was great emphasis on “ebitda” (earnings before interest, tax, depreciation and amortisation). This older method did not capture all items that could be a drain on cash and the two commonly omitted by bankers was the increase Read more about Banks risk assessment of a Company’s ability to service bank debt[…]

Eligibility criteria guidelines for SBCI lending products

As a financial lending adviser, I would like to bring to your attention the new lending products available from the strategic banking corporation of Ireland(SBCI) The loans will be made through SBCI lending partners , AIB and Bank of Ireland. The eligibility criteria guidelines for the SME market are; LOAN FEATURES Lower interest rates. Available Read more about Eligibility criteria guidelines for SBCI lending products[…]