SME Funding 2016 About First Choice Financial Services Ltd A - PowerPoint PPT Presentation

SME Funding 2016

About First Choice Financial Services Ltd  A leading Financial Broker in the Mid-West operating since 2000 with 14 staff offering mortgages, debt management, insurance, pension and investment products and SME & Agri fundraising nationwide  5 Staff in Debt & Banking Consultancy  Professional Debt Management Services Firm; one of 55 in the country regulated by the Central Bank of Ireland  All Qualified Financial Advisers (QFA), Accredited Product Advisers (APA) for Debt Management and 1 Personal Insolvency Practitioner (PIP) - and we are a multi-regulated business  Insiders View of Bank Relationship Management – 100 years combined experience  Thorough knowledge of Regulatory Codes: Code of Conduct of Mortgage Arrears (CCMA), Consumer Protections Code (CPC) & Code of Conduct for Business Lending to Small & Medium Enterprises (SMEs)  Broad Legal, Security and Asset Knowledge Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance

On-going Consultancy Partners Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance

Surveys Dept. of Finance, ISME findings on SME Credit Demand Survey SME Credit Lending BANKS REFUSING 50% OF SME APPLICATIONS • Demand for SME lending up to 37% from 36% in previous quarter. • 59% of firms say banks making it more difficult to access finance. • Only 5% of SMEs satisfied with Government intervention in SME lending. • Delays in bank lending decisions used as a cynical smokescreen. • Improvement from 5 to 4 weeks for initial decision still too long. • Cost of banking continues to increase. Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance

A selection of SMEs we assisted in securing Finance Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance

Debt Management Services Achievements to Date  Managed/ Managing over 280 different clients many with multiple Banking Relationships  Appointed debt advisers on an estimated € 180m of Debt  90% Success Rate – i.e. Agreement between Bank and Borrower reached  65% of cases resulted in debt write downs being achieved  25% resulted in long term sustainable solutions being achieved  10% of cases no agreement could be reached – plans in place for future re-engagement, where possible  Expanded Debt & Banking Consultancy Team to 5 Highly Experienced and Qualified Personnel  Outside of Financial Assessment and Affordability we understand Bank Policy and the Regulatory Codes – we have 10 complaints with the FSO ongoing  Case by Case analysis but developed significant portfolio of experience to rely upon Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance

Why other professionals use First Choice Financial Services Ltd?  Deliver “Best Results” for Clients Financial Services Specialists:   Safe Hands to manage mutual clients – bank debt specialists  Retirement planning,  Rely on our expertise in Bank Policy, Regulation, Legal and Insolvency advice and investments  Free up your time to concentrate on your areas of expertise  Life Cover, Income  Regulated Entity which ensures our proposals receive greater respect Protection  Allow us to get paid for work you cant (or find difficult to) charge for  Mortgage Broker  All fees agreed up front and can be scheduled  Deposit Brokers  Improved cashflow for clients, can afford to pay their creditors (you)  Health Insurance Contact Details: First Choice Financial Services Limited, 12 th Floor, Riverpoint, Mallow St, Limerick http://www.firstchoiceltd.ie/ Phone: (061)317260 Paul Kerr paul@firstchoiceltd.ie Jim Keane jim.keane@firstchoiceltd.ie Brian McAuliffe brian@firstchoiceltd.ie Pat Fitzgerald pat@firstchoiceltd.ie Stephen O’Driscoll stephen@firstchoiceltd.ie Your first choice for: - Life Insurance - Debt Consultancy 12 th Floor Riverpoint, - Mortgages - Fundraising for SMEs Lower Mallow St. Limerick - Retirement Planning - Personal Insolvency - Savings & Investments - Health Insurance