Refinancing a group of small businesses

Hello everyone


How would a group of small local businesses refinance/restructure their bank loans ?

Also is it legal?

I am looking in the direction of private equity funds they seem like very large funds who would not be interested in smaller businesses.Is there some sort of financial tool out there for such a situation.


Thanks

Hello,

Can I respectfully suggest that it might be worth having a chat with your accountants, financial advisors etc. In general, these professionals are well connected and may be able to help.

Some of the (probably obvious) questions that come to mind include:

- Are all businesses suitable for refinancing (in terms of their ability to service their debts and also, possibly provide security) and in a position to leave their current finance providers ?

- Why are the businesses looking to move ?

- Are all businesses willing to refinance, subject to reasonable terms.

- What sort of debt levels are we talking about as the overall debt level to be discussed raises the possibility of speaking with different types of funding providers ?

First of thanks for the reply.

Are all businesses suitable for refinancing (in terms of their ability to service their debts and also, possibly provide security) and in a position to leave their current finance providers ?

The businesses would be able to service a written down debt.
The security provided would only be the properties themselves.
With alternative funding the finance providers would be interested.


Are all businesses willing to refinance, subject to reasonable terms
Yes

What sort of debt levels are we talking about as the overall debt level to be discussed raises the possibility of speaking with different types of funding providers ?

The overall debt would be circa 15 million written down to circa 10 million.