In these uncertain times, for businesses with significant demands on cash, and, in many cases, revenues falling. Honey Asset Finance has secured commitments from its 70 lenders to assist businesses within the South West region in conjunction with the support of the banking sector. We appreciate for many businesses at this difficult time, access to funding can become very challenging. Whilst at Central Government levels, support has been indicated it often can take time for the hard cash to materialise and sadly at times the support can often arrive too late.
Through our proactive business resilience planning, we have been working in the background as the spread of the virus has been occurring across Europe to have in place direct access to underwriters for rapid decisions for your business. Honey Asset Finance has an ability with its lenders to quickly arrange cash injections for businesses through its extensive panel of funders with the team increasing its working hours to support the SME businesses in the region.
We are here to support your business. We have the ability to offer video call meetings to stay in line with government advice on social distancing and to ensure we understand your business in detail to react quickly. At the same time identifying potential solutions which may assist you. This will eradicate unnecessary time sending emails backwards and forwards and phone calls, to enable you to focus on emergency planning and operational matters at this difficult time for your business and your employees.
Please call our office on 01305 239500 your call will be answered during the hours of 07:00 through to 22:00. If we can’t take your call, it’s because we are already working with other clients, we will commit to call you back as soon as we can on the same day. We can often have responses back within the same working day and funds in place within 24 hours of our initial conversation. Due to our direct links with underwriters.
Key documents which will alleviate time for everyone and speed up decisions and execution, which you can have prepared in advance of our call, are as follows:
3 months Bank Statements.
Copies of any Overdraft Facilities
Latest set of full accounts not merely the abridged filed accounts.
If you have Management information both a P&L and Balance Sheet would also be valuable.
Photographs and details of any assets including hours and mileages if you are looking to refinance.
Details of all Directors including date of birth and home addresses.
The above is not an exhaustive list but goes to support the credit decision and demonstrates a business in control with strong management and business continuity planning all of which give confidence to our underwriters.
Finally, we are here to help. You are not alone. Honey Asset Finance is a colony which looks after all of its family.