Original YT playout date: 3 December 2008
This is one of the rare occasions I vlog in Polish.
It is a little known fact that about 30% of the short term bank loans in existence to business in this country, (which is the lifeline of a far greater proportion of businesses than in the west, where many would be granted longer term finance) is going to come to its repayment date in the next 3 to 8 weeks.
On the one hand money has become scarcer and dearer, on the other hand, banks have to lend to somebody. Planning refinancing a little in advance and doing a little brushing up your business plan and case for finance can help matters, as can a look across the market.
This vlog is basically a warning to firms not to leave renewing their short term loans to the last minute. Those who do will find that many cannot get refinanced this year either at all, or on much worse conditions – even Firms who have been used to getting the same or better conditions year after year.