From day one, Alfandari will dedicate itself to the mind set that you, the client, comes first. Devoting ourselves to your cause and ensuring we are in tune with your goals, enables us to take a genuine first hand approach via your broker to serve your financing and refinancing needs.
As a private company we do not have to worry about shareholders and can therefore make non conflicting decisions based on the people behind your business. Any support from guarantors, unilateral notices and legal charges on property that you can offer us as security will assist us to supply a competitive finance offer for you to consider and review.
This makes Alfandari one of the most dynamic and forward thinking names in the market. Whether you are a small family business to a blue-chip company we can assist in obtaining the funding and capital you need to grow and prosper.
We strive for excellence in understanding whatever industry you are in and pride ourselves on the expertise of our team. We can enable your business to reach it’s full potential.
We do not offer business loans. We offer unregulated asset refinance and asset finance agreements, the agreements will be either secured or unsecured dependant on credit, underwriting and situation.
You will be required to give personal and/or corporate guarantee(s) to support the finance agreement with your company and you may be asked to provide a guarantor to guarantee your businesses liabilities, in addition, dependent on agreement and amount borrowed and the credit status, we will require a unilateral notice or legal charge over your residential property and/or business property and/or any guarantor’s residential property. A fixed and floating charge over the assets of your company or any corporate guarantor (a “debenture”) will also be required.
You can settle our agreements early and there are no additional penalties for doing so, however, you will pay exactly the same amount whether you settle the agreement early or if you let the agreement run it’s full term. The settlement calculation is simply, all the contractual payments that would have fallen due are added together along with any notice period and risk fees with no discount and this will form the settlement figure. We suggest to clients that are considering settling their agreements early to use their surplus funds within the business or to put into an investment / high interest account, as settling our agreement early has no saving and no benefit due to the settlement procedure that follows our strict funding covenant.
We advise you to review terms, charges and fees on our agreements before you commit to anything.
IF YOU DEFAULT OR PAYMENTS ARE NOT KEPT UP ON YOUR FINANCE/HIRE AGREEMENT AND THE AGREEMENT IS TERMINATED YOUR SECURITY MAY BE AT RISK.
IT MAY ALSO MAKE OBTAINING CREDIT MORE DIFFICULT.
In instances where a borrower has fallen behind on repayments, or refused to continue making payments, the lender or lenders will have the usual rights to enforce their rights under the finance/hire agreement and legal charge’s.
This can include:
1. Enforcing any debenture held over the company assets and appointment of an administrator;
2. Notifying the customer’s bankers that any consent to the operation of the customer’s bank account is now withdrawn, potentially resulting in the customer’s bank account being frozen;
3. Appointment of a Receiver over the customer’s property or issue court proceedings to enforce their right to possession and sale of the property under the terms of the legal charge;
4. Placing a default on the customer’s credit file; or
5. Instructing repossession agents.
If you experience payment issues or your business stops trading, we strongly advise you to contact our customer services/collections department straight away who will try to help you and work with you.