Does My Dog Have Skin Tags?

An increased demand on the part of lenders but still get quality projects funding


A tightening of credit availability does not prevent the financing of quality projects
CREDITRELAX see a tightening of credit availability since only last November, even if relief is largely spared. But any quality project in which the fundamentals are adhered to find solutions and results. Recently, the number of cases remained stable because the free-phase projects of research funding in the last quarter of 2008 had been initiated well before the crisis. It can now be expected to decline in the future: the nervousness in the beginning of this year some candidates should be felt in the second half of 2009.

Stricter criteria
The duration of obtaining the loan agreements has grown to a doubling time in most cases. Furthermore some banks have refused more cases than usual and are sensitive to the rate of contribution which today must be substantially higher. Below 30% of the investment, obtaining financing has become very difficult. Another important point: the need for working capital is revised upward mainly because of forecasts become more difficult on the stocks needed to launch phases. The BFR must be understood differently, it must consider the timeliness of customer payments and the ability to deliver timely supplier payments.

More than ever, there is a real value to banks of good projects in franchise versus an independent solo. With a great brand, known and referenced, banks are more confident. However, on a network with a lesser-known and under development, the banker runs a double risk: the franchiser and the promoter, it is less ready to assume.

Continue to undertake, particularly in the franchise in a more challenging assignment of all loans
quality project in which the fundamentals are respected - and experience profile of project manager in line with the job he undertakes personal contribution sufficient (proof of participation in risk) and financial elements reassuring to find solutions and results. One must also consider the rate cut, which will continue: there are opportunities available in 2009 to undertake.

"The business broker professional is primarily to support the project and properly target the bank. Today we see two points of differences between two banks on certain issues. Unheard of since the beginning of our business four years ago. "Said Jean-Philippe Deltour, Founder and Partner of CREDITRELAX.