Prepare for a Second Credit Crunch - how an interim finance director can help

A lot can happen in 4 weeks in the world of finance. Most banks have long
insisted that they had plenty of money to lend. Now we are seeing reports
from their Economists that the Eurozone crisis and US 'triple A' credit
downgrade WILL mean less funding for individuals and small businesses.

Securing funding and negotiating the best banking arrangements is often one
of the first tasks undertaken by an interim finance director. Events in
Europe will continue to make the securing of existing lending a priority for
many businesses. An objective review of the terms and options for funding
is a vital service provided by FDYL interim finance directors.

We are recommending to all our clients that they 'go on the offensive', to
secure the funding they need over the next 12 months. No longer can they
afford to wait until just before they need it. This means that only those
companies with the best business/financial plans will attract all the
funding they need.