This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more hereX

Home > Discussion Forum

Discussion Forum


Go Back   Shell LiveWIRE Discussion Forums > Shell LiveWIRE

Reply
 
Thread Tools Search this Thread Display Modes
AndiC_UK AndiC_UK is offline
Newbie
Join Date: Apr 2005
Posts: 5
I wonder if anyone knows a sflg supplier that uses this system?

The following came from http://www.hm-treasury.gov.uk/media/...rim_report.pdf

"
2.20 Scoring systems that use financial account information or that are based on the
flow of funds through an applicantís current account clearly lend themselves to
established businesses. Assessing the viability of an application from a start-up with no
track record is more difficult. Some banks are beginning to develop scorecards which
can be used to assess applications from new entrepreneurs, based either on their
personal account behaviour or on characteristics of the entrepreneur and their business
proposition. However, these developments are still at an early stage. Start-ups are often
required to provide a cash contribution to the business before a bank is prepared to
lend. In the bankís view, this shows commitment on the part of the entrepreneur to the
success of their venture as well as providing an equity base on which to leverage debt.
"

I wonder if anyone knows a sflg supplier that uses this system?

regards

Andrew
Reply With Quote
Martin Martin is offline
Connector
Join Date: Jul 2002
Location: Luton, Bedfordshire
Posts: 2,726
It's not the sort of information they release. (Otherwise everyone would know or find out how to abuse the system)

I'd stick my neck out and say everyone on this list ( http://www.dti.gov.uk/sflg/listoflenders.html ) uses some kind of scorecard system.

But if I had to pick one, then HSBC, because they have a large US presence where this has been happening for quite some time.

regards,

Martin
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT +1. The time now is 01:43 PM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd. Copyright Shell LiveWIRE 2005-2009