Independent Banking Advisory Service 

Business Banking, Small Business Banking, Turnaround & Rescue

Small Business owners provide banks with sensitive business financial information trusting that their bank will work with them and hoping that the bank will understand their position and support them. Unfortunately, that doesn't happen.

Our case work over 20 years shows that businesses that had warned the bank of their possible cash flow issues or business financial problems then created severe cash flow cuts for their own business and also severe problems personally - because the bank then not only charged extra fees or extra bank charges but also sought increased Personal Guarantees and often further security by a direct mortgage deed on their property.

All banks are examining their lending portfolio to weed out the SME firms they view as a high default risk. All banks now seek maximum return and minimum exposure, charging heavier fees and higher interest on small businesses, whilst demanding higher or maximum security. After a business failure - banks make sure they get paid from Director's personal guarantees and other security,

IBAS is the most experienced organization in this field with almost 20 years 'track record' in Banking cases and resolving Director's Personal Guarantee issues. Our aim is to provide the best professional and personal Banking and Personal Guarantee advice service to protect our members at a low and affordable annual membership. IBAS offers specialist and individual Banking and Personal Guarantee advice and assistance and will assess your personal position to establish how your banking dispute or Personal Guarantee may impact upon you and also your family. Our first action is always to protect your personal position and prevent it being compromised further, by any ill advised actions with regard to the banking dispute or Personal Guarantee you have already signed. email IBAS for help.

IBAS work with small businesses and focus on urgent SME business banking issue to obtain ‘turn around’ or for business ‘rescue’ to be organized . Where turnaround is impossible we negotiate or minimize the bank’s recovery of the personal assets ‘at risk’. We work with you and your business whilst communicating effectively with the bank on your behalf.

Sunday Times – Business – How to keep out of trouble with banks – Pressure groups are calling for tougher measures against banks, saying sharp practice, high charges and inflexibility are still hurting small firms. When Chris Vass opened the letter from his bank telling him that a decade after his family business had collapsed. NatWest suggested he sell his home to repay his debt, he says it was like a “hammer – blow”. “The case of the Vass family – shows how easily a bank can enforce a signed agreement,” says Eddy Weatherill from the Independent Banking Advisory Service (IBAS), which helps people who run into trouble with banks. “Never trust the phrase, ‘this is just a formality’, or ‘we can change this later’ when signing a document. Get all the facts on the worst case scenario and don’t be rushed into signing something.” Weatherill says: “Banks do lie and cheat.” - Result on this case? We were able to negotiate a settlement with the bank.

Sunday Times Small Business - Banks profit at expense of small firms – The big four have been criticised for taking advantage of inexperienced owner-managers. Eddy Weatherill of Independent Banking Advisory Service (IBAS) says: “Small businesses are an attractive target because they have high security, liquid assets and are here rather than thousands of miles away.” - “Ask yourself just how solvent you are if the bank demands its cash within hours - because nobody is immune,” says Eddy Weatherill

IBAS has been helping business bank customers with their personal guarantees and Director's personal guarantees debt claims and demands since 1992. IBAS has also featured in BBC TV and ITV News items and programmes on UK banking and business banking issues many times since we were established in 1992. Visit UK Bank News 2012 for most recent Banking News and you will also find our national newspaper comments plus many more in the News and archives sections of our site - see our site map

Our business banking archived information and experience gathered from 20 years ‘case work’ for members, provides unique, confidential, professional business banking advice and assistance to our members. Those factors combined without any conflicts of interest means that IBAS can really make a difference for your business in dealing with your bank.

Independent Banking Advisory Service (IBAS) is a national, independent, non-profit, unique specialist banking customer membership organization which resolves banking complaints and disputes and which has campaigned on UK Banking customer issues since 1992. We provide bank and banking assessment, analysis, bank comment and content for BBC TV News, ITV, Radio and national newspapers.