KCS: Open for Business

Posted On: 31 Mar 2020

As we find ourselves in these ever more turbulent times; as the impact of coronavirus continues, life as we know it has changed greatly. Many of us are now adjusting to working from home and things we previously took for granted, such as catching up with friends over coffee, are now suddenly out of reach.

We appreciate that raising finance may not be foremost in your mind at present, but like time, the world of finance never stops, and this continues to be true.  Whilst we have been adjusting and becoming accustomed to our new working practices and procedures, we wanted to reassure you that both ourselves and our lending panel remain open for business.

What we have been doing?

We have been hard at work researching the market and reaching out to all our panel lenders, to understand their current appetite and availability.  Key questions that both myself and the team have been asking of them have included: Are your books still open? What is happening with existing deals and new deals? Which industries are you interested/not interested in?

Armed with this information, we have been able to glean from the marketplace a more focused approach as to who best to contact with new business proposals. Of course, the situation remains fluid and we are continuing to monitor the market position daily.

Market Feedback

What we do know is that whilst there is still lending available, the number of active lenders have reduced and the Loan-to Value (LTV) parameters are under pressure.

With our team all working remotely, we are continuing to work diligently to secure facilities for clients and are in fact drawing down loans as we speak.

Additional Support

As part of our continued monitoring of the current economic landscape, we also researched the Coronavirus Business Interruption Loan Scheme (CBILS) that the government launched as part of their financial support measures. We are pleased to now offer our assistance in helping you to access and obtain this funding.  If this is of interest to you, please get in touch to discuss further.

Stay in Touch 

Rest assured, that even during these challenging times, we are still here, ready to help and support clients and introducers. Maintaining contact and dialogue has never been so important in these times of social distancing, and we remain accessible through our usual communication lines (email/telephone/website/social media & video conferencing). So, do feel free to drop us a line or give us a call if you have any concerns about raising finance at this time.

But for now, take care & stay safe!

Best wishes from all the team at KCS

Learn more about our wide ranging services