SME Funding 2016
About First Choice Financial Services Ltd A leading Financial Broker in the Mid-West operating since 2000 with 14 staff offering mortgages, debt management, insurance, pension and investment products and SME & Agri fundraising nationwide 5 Staff in Debt & Banking Consultancy Professional Debt Management Services Firm; one of 55 in the country regulated by the Central Bank of Ireland All Qualified Financial Advisers (QFA), Accredited Product Advisers (APA) for Debt Management and 1 Personal Insolvency Practitioner (PIP) - and we are a multi-regulated business Insiders View of Bank Relationship Management – 100 years combined experience Thorough knowledge of Regulatory Codes: Code of Conduct of Mortgage Arrears (CCMA), Consumer Protections Code (CPC) & Code of Conduct for Business Lending to Small & Medium Enterprises (SMEs) Broad Legal, Security and Asset Knowledge Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance
On-going Consultancy Partners Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance
Surveys Dept. of Finance, ISME findings on SME Credit Demand Survey SME Credit Lending BANKS REFUSING 50% OF SME APPLICATIONS • Demand for SME lending up to 37% from 36% in previous quarter. • 59% of firms say banks making it more difficult to access finance. • Only 5% of SMEs satisfied with Government intervention in SME lending. • Delays in bank lending decisions used as a cynical smokescreen. • Improvement from 5 to 4 weeks for initial decision still too long. • Cost of banking continues to increase. Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance
A selection of SMEs we assisted in securing Finance Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance
Debt Management Services Achievements to Date Managed/ Managing over 280 different clients many with multiple Banking Relationships Appointed debt advisers on an estimated € 180m of Debt 90% Success Rate – i.e. Agreement between Bank and Borrower reached 65% of cases resulted in debt write downs being achieved 25% resulted in long term sustainable solutions being achieved 10% of cases no agreement could be reached – plans in place for future re-engagement, where possible Expanded Debt & Banking Consultancy Team to 5 Highly Experienced and Qualified Personnel Outside of Financial Assessment and Affordability we understand Bank Policy and the Regulatory Codes – we have 10 complaints with the FSO ongoing Case by Case analysis but developed significant portfolio of experience to rely upon Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance
Why other professionals use First Choice Financial Services Ltd? Deliver “Best Results” for Clients Financial Services Specialists: Safe Hands to manage mutual clients – bank debt specialists Retirement planning, Rely on our expertise in Bank Policy, Regulation, Legal and Insolvency advice and investments Free up your time to concentrate on your areas of expertise Life Cover, Income Regulated Entity which ensures our proposals receive greater respect Protection Allow us to get paid for work you cant (or find difficult to) charge for Mortgage Broker All fees agreed up front and can be scheduled Deposit Brokers Improved cashflow for clients, can afford to pay their creditors (you) Health Insurance Contact Details: First Choice Financial Services Limited, 12 th Floor, Riverpoint, Mallow St, Limerick http://www.firstchoiceltd.ie/ Phone: (061)317260 Paul Kerr paul@firstchoiceltd.ie Jim Keane jim.keane@firstchoiceltd.ie Brian McAuliffe brian@firstchoiceltd.ie Pat Fitzgerald pat@firstchoiceltd.ie Stephen O’Driscoll stephen@firstchoiceltd.ie Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance
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