Benefits
Why do I need The Secret Banker?
- The single biggest frustration for SME businesses is the length of time a bank takes to lend money
- Nearly a quarter of SMEs seek external advice when applying for finance (95% of those SMEs found the advice useful or very useful)*
- SMEs are less confident about raising finance than any other aspect of running their business*
- Over two thirds of businesses felt that they did not know what Banks look for when assessing funding applications*
- 67%of SMEs have not assessed their financial needs in the last 12 months
- Owners and businesses feel "helpless" in the lending process
- There are non-high street funders, but your bank is still by far, the cheapest source of finance*
The Solution
- Knowledge is Power
- Significant cash savings rather than using a traditional broker - we can save you thousands
- Significant time savings - you need to do business today
- Taking the pain away from your funding proposal
- The Secret Banker empowers you and your business
- Consultant led
advice with an accompanying report that you own - we are completely independent of any bank or funder. WE DO NOT CREDIT BROKE.
- Understand your propensity to borrow - Know if your growth aspirations are fundable BEFORE you even approach your bank
- Essential strategy and management tool
- it's not just about banking
- Your bank will love you for it!
- Improve the relationship with your bank - the hidden secrets your bank will never tell you
- Understand the Bank, your Manager and Credit - what does good look like and what's important?
- Your bank is as important as any relationship and no different to your own customer relationships or your supply chain. You have an opportunity to cement and improve that relationship
KEY FINDINGS OF THE BBB / BIS BANKING REPORT*
- Nearly 70% of Businesses feel that their relationship with their bank is less than "Fairly Good"
- 35% of SMEs do not trust their bank or feel that they have a Fairly Poor relationship
- 66% of SMEs prefer to use their existing bank as the sole provider but are frustrated by the pace
- 48% of Businesses would seek external help if they had difficulties obtaining finance
- 37% of SMEs would give up on their plans if they are not offered the full amount of finance from their First choice of provider
- 46% of SMEs did not apply for finance in the last 12 months through fear of rejection
*British Business Bank Research 2014
**For example the average cost of using Funding Circle is 10% - The Times 3rd April 2015
**For example the average cost of using Funding Circle is 10% - The Times 3rd April 2015