Turn-around

Be Weary When Your Bank Says They Want to Have a Look-See

Be Weary When Your Bank Says They Want to Have a Look-See

When a bank has serious questions about the sustainability of a business, which they have provided debt to (normally large amounts of debt), they often suggest that they perform a “look-see”. Although this term sounds harmless, it’s actually a very serious request that the business owner needs to be very cautious of because it can equate to serious consequences for the business and its stakeholders. When a look-see request comes through it generally means the bank has lost confidence in the business it has provided lending to.

Options Available at The End of a Lease

Options Available at The End of a Lease

For many business owners, the day to day grind is always on their mind. They work-hard on the things that bring them money to pay the bills and worry about the minutia when it can no longer be pushed back. For this reason, we see many business leaders who are unsure of what they will do once their leased agreements ends. Without a plan of action, they typically end up being led by sales people who may not have the best interest of their business in mind.

Benefits to Consolidating Leases

Benefits to Consolidating Leases

For many growing businesses, the decision to lease new assets is an easy one. They need the assets for operations, their needs as a growing company can change dramatically in a short span of time and in the current, fast-paced, technological climate, purchasing new assets which may quickly become obsolete can be risky. On the financial side, leasing can improve liquidity, optimize working capital and save cash for strategic investments.  As such, business leaders and decision makers often find themselves juggling multiple lease agreements with differing interest rates, payment dates, end terms, etc.