The role lenders play in enabling SMEs to achieve their potential cannot be overstated. Without their timely and strategic injections of capital, companies would neither be able to get off the ground nor have the necessary funding to grow, expand and invest.
Moreover, with KYC requirements and covenants, lenders play an invaluable role in keeping SMEs on track and focussed on their primary business objectives.
Simon Fry, Partner at ReSolve, the business advisory and restructuring house, said: When a lender is satisfied with its due diligence and signs a loan facility, it is in good faith that the SME it has invested in will achieve what it has set out to do. However, there are extenuating circumstances that can interrupt a business’s trajectory – and COVID-19 is an obvious culprit. The pandemic and ensuing economic uncertainty have rocked many SMEs, leaving them in an unexpectedly difficult position with a weak … Read More
Bryan Gruley, a reporter at large for Bloomberg News and Bloomberg Businessweek, is retiring.
He has been with the news organization since September 2011, writing big features about everything from oil to hockey, from John Deere to Kim Dotcom, from yogurt to marijuana.
Gruley was previously the Chicago bureau chief of The Wall Street Journal, where he worked for 25 years. He shared the Journal’s Pulitzer Price for coverage of the Sept. 11 terrorist attacks.
Gruley is also a book author. His latest book is “Purgatory Bay,” which came out earlier this year. He also wrote the Starvation Lake trilogy — “Starvation Lake,” “The Hanging Tree” and “The Skeleton Box.” The debut book, “Starvation Lake,” was an Edgar finalist and won Anthony, Barry and Strand awards.”