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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, this doesn't work.

We find that SME businesses who warned the bank of possible or impending business financial problems created severe business problems and cash flow cuts for their business - simply because the SME's bank then charged them extra fees or extra bank charges.

HBOS failure and Lloyds TSB takeover means that business banking competition is now effectively nil - all banks are examining their lending portfolio to weed out the SME firms they view as a high default risk. Some banks are much more aggressive.

All banks seek maximum return and minimum exposure, charging heavier fees and higher interest on small businesses, whilst demanding higher or maximum security. The banks make sure they get paid from personal guarantees and security, after business failure.

We 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.

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

It's natural you will want to know our 'pedigree' - visit UK Bank News 2009 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. IBAS has featured in BBC TV and ITV News items and programmes on banking and the banking issues many times since we were established in 1992.

IBAS is totally independent. Our business banking archived information and experience gathered from 17 years ‘case work’ for members, provides you with unique, confidential, professional business banking advice and assistance. Those factors combined without any conflicts of interest or threat to your business position, means that IBAS can really make a difference for you in dealing with your bank. email us for help.

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, keeping many serious banking issues 'alive'.