Dear Introducer,

Changes

The last few months have seen many changes with not only a change in Government, but the first Coalition Government since the 1930s. The Budget which quickly followed was not unexpected and will affect all of us in some way and varying degrees of hardship will be felt by us all. However, High Street lenders have not changed their lending criteria since the previous newsletter but they have increased their lending margins slightly, so when they are lending they charge more for it! At Safeguard Commercial Finance, we will continue to try to keep up to date with the market and source the most appropriate funder for our clients in the different financial sectors we cover. Oh, I nearly forgot, the performances and progress of England's football team in the World Cup didn't change, did it?

RECENT SUCCESSES.

In the last few months some of our most notable successful cases have been introduced to us as a direct result of the clients' bank declining the propostion. These include a family firm being told by their bank that a commercial mortgage was unable to be sanctioned due to the ages of two of the family members, as a loan over 8 years was not serviceable. We have subsequently arranged a 20 year commercial mortgage. A client was introduced to us who wanted to purchase a commercial property as an investment to be an addition to his investment property portfolio. His current bank declined as they do not lend for new investment property purchases and we managed to place the client with another lender within 36 hours of the first appointment. I mentioned in the previous newsletter that Development Finance was the most difficult sector, and in April establised and successful property developers were introduced to us as their main lender does not lend less than £500.000. Their second choice provider was willing to agree the finance, but we arranged funding at a lower rate of interest. Please do not hesitate to contact us if you have a client who you think may benefit from our services.

INDIVIDUAL REQUIREMENTS Having several different lenders to use in the different financial sectors enables us to work for clients on an individual basis and try to offer financial solutions which are ideal for them. It is possible to refinance assets currently owned by businesses, and Safeguard Commercial Finance has working relationships with lenders who offer this facility, but if the lender is not fully comfortable with the type of asset, they may be able to bring in their factoring division to offer cashflow funding as well as refinancing the asset. We also have arrangements with cashflow funders who offer payroll and credit control facilities to give the client a tailor made service to suit their circumstances. If you have any queries, please contact us.

A CASE OF WINE. We are pleased to inform you that we will now offer a case of 12 bottles of wine for any business introduced and which is successfully placed, so why not stock up your wine cellar and have a drink on us?