In spite of what the government says, UK banks are not the easygoing friends they used to be and getting the finance you need to run your business is not as simple as they would have you believe.

Most high street banks have reduced the amount that they are prepared to lend to any one client and now take a much closer look at their group position.  If for example you need a loan to finance some new machinery but happen to have some cars on a lease agreement with their in-house contract hire company then you could well find your application blocked.

Businesses that have suffered through the recession may find that they can no longer meet the lending criteria demanded by their own bank, yet still be credit worthy and a reasonable risk to other lenders.

Using a commercial finance broker like TeleLease could solve the problem by providing:

• Established relationships with different lenders
• Good advice in terms of targeting your borrowing according to the type of asset you need to finance
• Totally independent from your bank

It costs nothing to get some good friendly advice.  So if you need commercial finance to purchase or lease assets or equipment for your business then contact us today on 01908 516300 or info@telelease.com to find out if we can help.