Business finance
EOS Associates does not supply or arrange finance. We can, however, make introductions to over 50 different sources of funds, including equity, debt and asset backed finance.
We are extremely concerned at the imminent risk of a more serious credit crunch and are offering assistance to our clients and contacts in taking steps to avoid the worst of the consequences.
The situation is getting worse because the credit rating of many UK and European banks has been reduced, which is a reflection of the potential default by Greece on its loans and the severe danger that other European countries will need massive funding in the near future. The failure of the European politicians to tackle the problem - or even acknowledge the true nature of it - means that the banks are under threat of an uncontrolled assault on their assets.
The risk in the UK is that Royal Bank of Scotland, Barclays and Lloyds would all be forced to ration capital and one obvious way would be to reduce overdrafts and take a tough line on loans - possibly on little or no notice.
As a result, looking for alternative ways to raise immediate funding to ease cash-flow problems is vitally important. The withdrawal of credit facilities is often the critical point which tips a business into insolvency.
But it need not be this way, particularly if you have planned ahead and have a viable commercial operation.
Whether you talk to us or not, we would stress that leaving action until a crisis exists is very dangerous for your business.