SME Funding 2016 About First Choice Financial Services Ltd A - - PowerPoint PPT Presentation

SME Funding 2016

 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

About First Choice Financial Services Ltd

12th Floor Riverpoint, Lower Mallow St. Limerick Your first choice for:

• Life Insurance
• Mortgages
• Retirement Planning
• Savings & Investments
• Debt Consultancy
• Fundraising for SMEs
• Personal Insolvency
• Health Insurance

On-going Consultancy Partners

Your first choice for:

• Life Insurance
• Mortgages
• Retirement Planning
• Savings & Investments
• Debt Consultancy
• Fundraising for SMEs
• Personal Insolvency
• Health Insurance

12th Floor Riverpoint, Lower Mallow St. Limerick

Surveys

Your first choice for:

• Life Insurance
• Mortgages
• Retirement Planning
• Savings & Investments
• Debt Consultancy
• Fundraising for SMEs
• Personal Insolvency
• Health Insurance

12th Floor Riverpoint, Lower Mallow St. Limerick

• Dept. of Finance,

SME Credit Demand Survey ISME findings on 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.

A selection of SMEs we assisted in securing Finance

Your first choice for:

• Life Insurance
• Mortgages
• Retirement Planning
• Savings & Investments
• Debt Consultancy
• Fundraising for SMEs
• Personal Insolvency
• Health Insurance

12th Floor Riverpoint, Lower Mallow St. Limerick

 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

Debt Management Services Achievements to Date

12th Floor Riverpoint, Lower Mallow St. Limerick Your first choice for:

• Life Insurance
• Mortgages
• Retirement Planning
• Savings & Investments
• Debt Consultancy
• Fundraising for SMEs
• Personal Insolvency
• Health Insurance

 Deliver “Best Results” for Clients  Safe Hands to manage mutual clients – bank debt specialists  Rely on our expertise in Bank Policy, Regulation, Legal and Insolvency  Free up your time to concentrate on your areas of expertise  Regulated Entity which ensures our proposals receive greater respect  Allow us to get paid for work you cant (or find difficult to) charge for  All fees agreed up front and can be scheduled  Improved cashflow for clients, can afford to pay their creditors (you) Contact Details: First Choice Financial Services Limited, 12th 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

Why other professionals use First Choice Financial Services Ltd?

• Debt Consultancy
• Fundraising for SMEs
• Personal Insolvency
• Health Insurance

Your first choice for:

• Life Insurance
• Mortgages
• Retirement Planning
• Savings & Investments

12th Floor Riverpoint, Lower Mallow St. Limerick

 Financial Services Specialists:  Retirement planning, advice and investments  Life Cover, Income Protection  Mortgage Broker  Deposit Brokers  Health Insurance