Health Care Financial News
Do you Need to Change Banks to get the Most Competitive Bank Offer? by Steve Jenner
No is the simple answer. Although like many things in business, alternatives must be considered and sometimes used for negotiation purposes.
There are many reasons why you may not want to change your business banking facility/mortgage;
Established relationship they understand the way I work, I understand the way they work.
- It would mean a lot of disruption for me to change from my existing business banking system.
- Loyalty my bank supported me in the early days.
Whilst all the above may be good reasons not to change banks, what are the costs to you and your business?
Lending in the care sector has changed with the recent 'credit crunch' but it is a myth that lending is no longer available for the Healthcare sector. Some banks traditionally associated with healthcare are no longer active in the market while other lenders are looking to enter the market. The nett result competitive finance is still available.
At Chandler & Co we liaise with the majority of banks in the UK who are still actively supporting the healthcare market. Because of this we know what you should be expecting from your bank. Our knowledge extends beyond finance. To make a judgement on how competitive a bank offer is, an actual understanding of your business is required.
The perception is that a finance broker will only be interested in moving you to another bank. At Chandler and Co we will help you make the right decision with impartial advice, as our aim is to deliver the best financial solution for your particular needs. This may well mean negotiating with your existing bank, ensuring they offer you their most competitive package. If your bank will not negotiate, it may be time to look elsewhere. Chandler & Co will help you make the right decision.
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