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Best Business Bank Advice in Waterford?

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  • 10-07-2008 2:25pm
    #1
    NewBalance
    Closed Accounts Posts: 34 ✭


    Hi - I am fortunate to be seeking to expand my business in Waterford, but my current Bank is rubbish - anyone here dealing with a good person in business banking?


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    #2
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    NewBalance wrote: »
    Hi - I am fortunate to be seeking to expand my business in Waterford, but my current Bank is rubbish - anyone here dealing with a good person in business banking?

    Might be an idea to say what bank you're with at present?


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    #3
    homer911
    Registered Users Posts: 5,119 ✭✭✭homer911


    I work for a business bank (not going to promote them unless you ask)

    You may find that business banks are not particularly interested in lending to new customers at the moment, only lending to existing customers - best to stay with the bank you have a current relationship with...


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    #4
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    homer911 wrote: »
    I work for a business bank (not going to promote them unless you ask)

    You may find that business banks are not particularly interested in lending to new customers at the moment, only lending to existing customers - best to stay with the bank you have a current relationship with...

    +1 to that TBH.


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    #5
    Blackjack
    Registered Users Posts: 3,611 ✭✭✭Blackjack


    +2.

    No one is lending to those they don't know. They may not even lend to those they do know. They best you can hope for is if you can leverage your existing Bank relationships.


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    #6
    NewBalance
    Closed Accounts Posts: 34 ✭NewBalance


    don't really want to bad mouth my bank - suffice to say they're ultimateley owned by a fgn bank - which has no baring on them as a whole - just down here.

    Got no problem with them getting them to give me the money - its just I am not content with the overall service they provide and amount of errors which occur at their end - sometimes I feel like I am running my own Account!

    They're happy to extend & increase my business facilities etc - just wondering if there's a reliable service provider who does what they say, how they say it and when they're going to do it!


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    #7
    LouOB
    Closed Accounts Posts: 1,181 ✭✭✭LouOB


    Why dont you extend a hand to a business partner in Waterford?

    Get a partner onboard who is more liquid and willing to take on new office in Waterford?


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    #8
    NewBalance
    Closed Accounts Posts: 34 ✭NewBalance


    LouOB wrote: »
    Why dont you extend a hand to a business partner in Waterford?

    Get a partner onboard who is more liquid and willing to take on new office in Waterford?

    Thanks, good idea - but my existing Partner may be a little alarmed! - Sorry I should have mentioned the business structure.

    Thanks for thinking outside the box!


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    #9
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    NewBalance wrote: »
    don't really want to bad mouth my bank - suffice to say they're ultimateley owned by a fgn bank - which has no baring on them as a whole - just down here.

    Got no problem with them getting them to give me the money - its just I am not content with the overall service they provide and amount of errors which occur at their end - sometimes I feel like I am running my own Account!

    They're happy to extend & increase my business facilities etc - just wondering if there's a reliable service provider who does what they say, how they say it and when they're going to do it!

    Why not? If they're not doing a good job then you should be saying who it is.

    I guessing the bank in question is BOSI or Ulster.....


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    #10
    LouOB
    Closed Accounts Posts: 1,181 ✭✭✭LouOB


    NewBalance wrote: »
    Thanks, good idea - but my existing Partner may be a little alarmed! - Sorry I should have mentioned the business structure.

    Thanks for thinking outside the box!

    get your existing partner on board also
    if both of you are having 'liquid' issues
    find a person you both can work with that is
    1.experienced or looking for the experience
    2.has the cash
    3.willing to travel ie waterford(or already in situ)/dublin
    4.contact IDA to put you intouch with advisor

    just ideas as cash is tight out there at the mo amoung the banks


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    #11
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    LouOB wrote: »
    get your existing partner on board also
    if both of you are having 'liquid' issues
    find a person you both can work with that is
    1.experienced or looking for the experience
    2.has the cash
    3.willing to travel ie waterford(or already in situ)/dublin
    4.contact IDA to put you intouch with advisor

    just ideas as cash is tight out there at the mo amoung the banks

    The IDA aren't "really" interested in homegrown orgs. Enterprise Ireland is another option. They have a set criteria regarding companies they support. In reality, you would have to have something to export if they were to support you.


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    #12
    NewBalance
    Closed Accounts Posts: 34 ✭NewBalance


    stepbar wrote: »
    Why not? If they're not doing a good job then you should be saying who it is.

    I guessing the bank in question is BOSI or Ulster.....


    Its BoSI - we're getting the runaround from them - been in touch with UB tho already and they seem good so far


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