PLEASE TELL US ABOUT THE NATURE OF YOUR BUSINESS.
Thane Commercial is a well-established brokerage/consultancy specialising in cashflow funding solutions for clients. We look at tailoring solutions that can assist with working capital from purchase order to debtor payment.
WHAT ARE THE BIGGEST ISSUES YOUR CLIENTS ARE FACING IN THE CURRENT CLIMATE?
The impact of Covid-19 is a prime concern for clients and funders alike.
WHAT IMPACT DO YOU THINK COVID-19 HAS HAD ON THE LENDING LANDSCAPE?
There is also a lot of concern regarding the attitude of risk managers to current and new clients, especially as ageing becomes more of an issue. There is a lot of concern around the trade credit industry and the impact that has on funders and clients. There is also a high level of angst with the government backed packages and the banks in particular.
HOW DO YOU SEE THIS CHANGING IN THE COMING MONTHS?
I think as we move through this period there will be a gradual easing as the true impact becomes better known and established.
WHAT PROBLEMS HAS APRICITY SOLVED FOR YOUR CLIENTS?
Apricity has been of great assistance to my clients who have a very strong client base and require a flexible solution. They ideally do not require a whole of book solution and in many cases the nature of their business precludes them from more traditional funding sources.
WHAT DO YOU LIKE MOST ABOUT APRICITY?
I enjoy the fact that I can involve Apricity at a very early stage with a client and have yes or no answer very quickly