If you’re that lucky business that has more than one lender throwing financing proposals at you, then you have the happy task of picking the best one.

Besides interest rates, what else should you consider? Four important criteria (there are more):

1. Total Funding Cost (IRR including Interest Rate + Fees + Transational Costs)
2. Security, Covenants, Terms & Conditions – more flexibility is potentially worth paying extra for
3. Credit Appetite  Рwill facilities grow with your requirements?
4. Relationship Management – It counts for a lot when the chips are down!

It really is so much more than interest rates! Personally, I’d go with Oranges.

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