Financial News
New challenges & new faces
If you watch the news, listen to the radio or read a newspaper, it's hard to avoid the doom and gloom surrounding our global economy.
At One Business Finance, we are trying to 'buck the trend' by remaining positive during these testing times. As financiers with decades of combined experience in providing sensible asset refinance solutions, we are pleased to report that we have taken on two additional members of staff within the last 3 months, to cope with rising demand for our services.
With the majority of the competition in the asset finance & refinance marketplace reducing their workforce and withdrawing facilities, we are welcoming new introductory sources every day.
Founded in the North of England, but now also with offices in the South, One Business Finance is ideally placed to service the 'Intermediary' marketplace, wherever your location.
Credit Crunch? - REFINANCE!
In recent months we have seen the "Credit Crunch" really start to bite. We have seen numerous Banks and Finance Companies struggling and some have either closed or cut-back on their lending terms. Added to these problems, fuel prices, inflation and interest rates have all increased.
What does this mean to you?
Quite simply, many of your customers will find it more difficult to source finance for their businesses; and many of those customers will see increasing pressure on their cash-flow. Also, with a reluctance from lenders, to provide new finance facilities, some of the lending lines previously available to you will no longer be there.
Enough of the bad news!
At One Business Finance we have recently increased the number of broker managers available to handle your deals. Unlike many Finance Companies, we have continued to provide lending facilities to the customers of our supporting Brokers - What is more, we see no reason for that to change!
Rising fuel prices have caused major problems to the haulage industry and whilst we can't bring fuel prices down, we can help by releasing equity from existing vehicles, which can be added to short term cash-flow.
In other sectors of industry, we have seen similar problems where cash is becoming scarce. Again, we can help your customers by unlocking the equity of their working assets and providing much needed cash for their businesses.
I would also like to assure ALL of the people that have supported One Business Finance in the last two years, that we are here to stay; and we will continue to provide finance and re-finance facilities for your customers.
The two Jonnies take over the South
Jon Woolgar has recently joined One Business Finance to work as a Broker Relationship Manager in the South of England. Jon has a wealth of experience in the construction and Plant hire Industries and is already very well known to a large percentage of our supporting Brokers.
Jon has been partnered with Jonathan Simmons and mandated to develop business relationships with any and all Brokerages south of Northampton. Many Brokers will know Jon from his days of employment with De Lage Landen, Bank of Scotland (Capital Bank), Royscott Trust and Lombard.
Jon States: "I'm looking forward to the challenge ahead. With the wealth of services we can provide to the Broker marketplace and the number of quality Introducers available to us, the Sky really is the limit!"
