Manta: Providers should shop around for financial products

Posted on July 1st, by editor in Caring Times. No Comments

Major financial institutions are increasingly compelling small to medium business owners in the care home sector to make unwanted and excessively costly decisions regarding their business’ future, according to corporate finance and leasing specialist Manta Finance. Manta managing director Stephen Haskew said many banks and other major financial institutions were insisting that existing clients purchase the bank’s or institution’s specialist services such as factoring, invoice discounting, sale and leaseback and other asset based finance products, in order to maintain a line of credit on their business. “Typically these services are far less competitive than those available by the independents in the market and therefore do not serve the business owners’ best interests,” said Mr Haskew. “This trend is particularly damaging for newer businesses in the sector which are typically run by smaller teams, often with less knowledge and experience of the possibilities available for commercial finance asid

Comments are closed.

Latest blog posts

Inconstant gardeners

By Caring Times editor GEOFF HODGSON

Last Saturday was fine and dry so I managed to put in a few hours on our allotment. Not...

When the chips go down . . .

By Caring Times editor GEOFF HODGSON

I have heard people say they couldn’t get by without their smartphone, and I suppose this must be true...

Loneliness behind the front doors

By Guest Blogger KEITH LEWIN

Last week SCIE issued its monthly ‘Briefing for Commissioners’, its focus is on social isolation which it correctly says “can...