New lending is happening, but it’s a different world out there for some, and you may find yourself looking for a new bank. Experts weigh in with their advice on getting subscription finance in the new environment.
'What would you do if you were in my position?' asked one banker, faced with having to turn down borrowers the bank had been trying to woo from a competitor for years; SEC warns that GPs aren’t following their own rules on co-investments.
Even some blue-chip sponsors have been rejected by relationship lenders. This has forced them to branch out, sometimes only to be rebuffed by banks dealing with their own limits on their ability – and appetite – to lend.