Banks routinely ask for a ‘Mortgage Debenture‘ for lending of almost any size (there was a time when it was mainly for larger commercial lendings). A client who recently provided the bank with this security asked me to explain what it was – a bit belated but he is not the only one who understood it Read more about So…what is a Mortgage Debenture?[…]

Vince Cable has announced that the banks are not telling the truth about how many business loans they agree. The Banks (Lloyd’s most publicly) assert that they consistently approve 8 out of 10 Applications. The real issue here is the banks loan equivalent of the ‘sales funnel’. It may typically go like this: Step One: business owner (who may Read more about ‘Deceit on bank lending’? No, but Vince Cable is on the right track[…]

Invoice Discounting is increasingly being used as an alternative to overdrafts (often at the instigation of the bank). You review your overdraft annually (although you might prefer not to!) but how many businesses do a review for themselves of what they are getting from their invoice discounting provider? Most packages are agreed on a notice Read more about Invoice Discounting – The ‘annual review’ and escape lane[…]

Sharing my personal opinion on this as several people have asked for advice on it recently. What is an NDA? – I like to keep things simple: it’s basically a contract between you and someone who you are talking to about your idea, that sets out what you do and do not want them to Read more about Non Disclosure Agreements: To NDA or not to NDA?[…]