Avoiding the pitfalls and improving the terms of borrowing

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

There is a clear need for finance within the care service to support borrowers in expansion and growth. Currently, such growth seems to be supported predominantly by way of “bank debt” which is assumed by organisations in order to fund growth/acquisition. This means that significant arrangements with banks are being entered into which are binding borrowers for long periods of time. There is concern that such arrangements with banks are not being progressed in the best way for the borrower and that the borrower finds out about the pitfalls of borrowing when it is too late. Whether a borrower is a corporate, charity, or not-for-profit provider, there are many aspects of financing that can and should be implemented to significantly improve the present and future position of the borrower. It seems right that care services in particular should benefit from such improvements – not least because of the selfless commitment of those within the service of others’ care and wellbeing. Because of the specific way

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