Every journey is different
We are often asked what a financing process looks like. As you can imagine, every financing request is different. For instance, leasing a passenger car is a lot simpler than completely refinancing a company.
A good adviser has contact with all major providers and will approach the right parties on a case-by-case basis. In addition, we at Xolv Finance believe it is important that each trajectory has the same high quality standard. In basic terms, this means that we can divide a trajectory into six steps.
The process at Xolv Finance
As mentioned, every trajectory is different. Nevertheless, at its core, it is possible to identify a few steps that indicate how a trajectory runs in basic terms:
- Intake interview
During the first meeting over a cup of good coffee and a Bossche Bol at our office in Den Bosch, or at your premises, we will talk about your company, your ambitions, dreams and concrete plans for the future. During that first meeting, it will become clear whether and what we can do for each other. At the end of the meeting, we will agree on the overall structure of the optimal financing for your business.
- Analysis
After receiving your annual accounts, budgets and other relevant documents, we make an analysis of your company's current and future financial, fiscal and banking situation. Based on this, we formulate a clear credit request. Naturally, we share our interim conclusions with you.
- Drafting teaser/financing memorandum
Based on our discussions and analysis of the information received, we prepare a document that addresses issues such as the history and current structure of your company, the market and, of course, the financial position and future plans. In this same piece, we describe how the financing request is structured and what we expect from the prospective financier(s).
- Inviting potential funders and conducting interviews
In consultation with you, we make the financing memorandum available to two or more financiers and invite them to make an offer. Where necessary, we provide an explanation and answer questions arising from the memorandum.
- Assessing and negotiating bids and the final contract documents
Upon receipt of the offers, we hold discussions with the suitable financier(s) and negotiate terms and conditions in consultation with you. In the end, you choose the best offer. This does not always have to be the offer with the lowest interest rate, as many other things can play a role. Upon receipt, we review the contract documents and you sign them.
- Supervising start-up
After everything is signed, the start-up of the (new) financing follows. Issues such as opening new bank accounts, repaying the existing financing and providing additional information come up at this stage. We also keep our finger on the pulse in this phase. Even after the new financing has started, we often have frequent consultations to make sure everything is going as agreed.
The financial professionals at Xolv Finance will take work off your hands, make sure you get a better offer that often allows you to recoup the cost of the advice within the first year.
Curious? Then get in touch for a no-obligation introduction.
