We’re observing an increased variance in bankers’ understanding of the professional services sector. This is leading to vast differences in financing structures, terms and pricing being offered. In some instances, poor finance arrangements – including restricted payment terms and less than desirable interest rates – are considerably restricting businesses’ ability to grow.
So there is now a significant opportunity for professional services firms to actively review and address their current banking arrangements to improve outcomes for their business.
We recommend that services firms take a structured and strategic approach to their banking arrangements – this means to be focussed on your business needs, rather than be led by a particular bank’s policy. Such an approach can often highlight areas to materially improve your banking arrangement, and in turn your business growth prospects (including confidence to pursue acquisitions and mergers).
So if you’re ready to find opportunities to enhance your business performance through improved finance terms,
then a review of your existing banking arrangements is your next step.
Want to get more from your firm’s banking arrangements?
Or do you have professional services clients who could benefit from a review?
Balanz can help. Contact John Davis on John.Davis@balanz.com.au or 0429 214 165.
Balanz – Your Partner in Business Finance
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Disclaimer: Your full financial situation would need to be reviewed prior to acceptance of any offer or product