Commercial Finance - Are we there yet
Tue, 14 October 2008 AEST
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The current credit crisis has hit the financial markets hard. If you are not aware of it you must have been living under a rock. Other industries have seen reputable businesses spiral towards insolvency or go out of business due to lack of funding and the so called 'credit crisis'.
Let's face it the economy is experiencing a downward trend. Hence Bank's are increasingly more difficult to deal with. Borderline deals are less likely to get financed. Deals requiring an entrepreneurial leap of faith are being rejected. Policies are being strictly adhered to and enforced. Certain banks are essentially withdrawing from the market. Onerous information requests and reporting requirements are commonplace.
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