By Paul Fenton, Managing Director of Structured Finance
During the Coronavirus pandemic, 4Syte Structured Finance has continued to provide flexible secured loans to SMEs for business purposes. Whilst some lenders have closed for business due to Covid-19, others have now started to offer loans under the Coronavirus Business Interruption Loan Scheme. But for 4Syte Structured Finance it is business as usual!
Many lenders offering CBILS loans tend to have criteria that differs from one another. This means a lot of businesses will not qualify for these type of facilities. It can be confusing as to who to approach. We are proud to have stayed consistent with our product offerings, credit policies and appetite to lend money to businesses – especially when it is needed the most.
4Syte Structured Finance continues to be active offering 1st and 2nd charge business loans up to £500,000 and we are maintaining our fast and flexible ‘to-do’ attitude in funding SMEs. Some CBILS loans will end up being a tick box exercise from an application perspective which means certain businesses will be rejected. 4Syte looks at each deal on its own merit; applying a common-sense underwriting approach to each new proposal. We understand business, listen to SMEs, and always look to provide a sensible structured and competitive facility to our borrowers.
4Syte Structured Finance recently approved a restaurant for new funding when other lenders had rejected them due to them being in hospitality. How did we approve them? We took the time to understand the business, listened to the client’s story, asked the right questions, and received the right answers in return. By looking at the restaurant’s whole picture in terms of history, experience, plans to drive the business forward and contingency, we were able to approve them for a £200,000 secured loan over a 6-year term with attractive pricing when no one else would.
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At 4Syte we strive to be different from the typical finance providers. We look beyond “here and now” and focus on what we do best, by providing Financial Peace of Mind.
We offer a range of service. Whether it be sme invoice finance, construction finance, 4syte Trade Finance, or structured business loans to SMEs we have a solution for you.
If you would like to speak to us about any of our services, then please do not hesitate to contact us. Our team of experts will be more than happy to talk to you and answer any questions you might have.
You can message us via our online contact page or request a call back here.
