Bank business lending
Bank lending to businesses can come in a number of different forms. From a standard bank loan, to mortgages or other types of funding agreements. The bank lending criteria for business loans will vary from lender to lender somewhat, but there are generally several eligibility factors, along with things that will have an impact on the amount of money that the bank will be willing to lend. In addition to this, there may also be different bank lending rates offered to businesses, depending on the banks’ individual policies, their assessment of the risk of giving a loan to this specific business and their other lending criteria.
Problems that can occur with banks lending to businesses
When small or medium size businesses borrow from a bank, there are usually no issues once the loan and terms have been agreed between both parties. On rare occasions, a dispute might arise between the lender and the business borrowing from them. These types of issues can include disputing bank fees or charges, perceived unfair treatment, or if the business thinks that they have been mis sold a financial product or service alongside the loan from the bank.
If this is something that you think may have happened with your business bank loan or other funding arrangement, Stephensons can help you to resolve the dispute with your lender. We can manage correspondence, help to collate the necessary evidence and offer all the advice and support you need at all steps of the process to bring your complaint or make a claim for compensation from your lender. With a proven track record of success when helping businesses with their bank lending disputes, Stephensons’ team of commercial litigation experts are ideally placed to represent your business. Call us today on 0161 696 6170.