Flexibility in your balance sheet and cashflow management is generally businesses most under utilised asset. At 1219 financiers we take a very good look at some risk management fundamentals that are sometimes overlooked and will probably not be addressed by your prime banker.
We feel that this area has been neglected by the mainstream banking community for many years. We often hear stories like this:
I have banked with X Bank for an awfully long time. Initially I put my house up as security because our business was in start up mode. As our business grew we wanted to buy our own premises and after some argy bargy the bank said yes. What we didn't really think about back then was that the bank then had a charge over our business and a mortgage over our home and our business property, not to mention our personal guarantees.
Now this was OK until we wanted to raise some more capital to buy other assets, then the bank started calling the shots and telling us what we could and could not do. All of this when we had only borrowed a small amount against the true value of all of our assets".
Problems often arise when a borrowers business gets bigger and they become a larger customer. They are often shifted within the bank away from their local manager into a new division with their bank all because they are becoming bigger (and more successful). We see this situation time and time again and have helped countless customers restructure their borrowing to resolve these issues.
Many commercial business people remember the last downturn well and understand acutely the benefits of segregating their assets away from a single lender. 1219 financiers can be particularly helpful to business borrowers as we are able to understand your business needs from a very different perspective to the bank.
Segregating your borrowings gives control of your business back to the business owner and away from the bank. You still need a bank, we all do, it is just that in this day and age it is not prudent business sense to have all of your borrowings with one lender.
1219 financiers can organise and manage your entire debt facilities including
