{"id":44043,"date":"2017-11-26T16:15:32","date_gmt":"2017-11-26T14:15:32","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/"},"modified":"2017-11-26T16:15:32","modified_gmt":"2017-11-26T14:15:32","slug":"purchase-financing-an-innovative-way-out-of-the-credit-crunch","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/","title":{"rendered":"Purchase financing \u2014 an innovative way out of the credit crunch"},"content":{"rendered":"

Arno Schnei\u00adder<\/strong> \u2014 Member of the Board WCF Fine\u00adtra\u00adding AG, Munich<\/p>\n

Clemens Wagner<\/strong> \u2014 Head of Consul\u00adting & Sales WCF Fine\u00adtra\u00adding AG, Munich<\/p>\n","protected":false},"excerpt":{"rendered":"

There is hardly a topic that moves German entre\u00adpre\u00adneurs as much as the \u201cright\u201d corpo\u00adrate finan\u00adcing. Howe\u00adver, in view of a more rest\u00adric\u00adtive lending policy on the part of banks and rating requi\u00adre\u00adments that have been adjus\u00adted as a result of the crisis, it is not easy for many small and medium-sized compa\u00adnies to realize an opti\u00admal finan\u00adcing mix. But despite the tigh\u00adter para\u00adme\u00adters these days, new ways are being deve\u00adlo\u00adped to get around the prevai\u00adling credit crunch. The finan\u00adcing option \u201cFine\u00adtra\u00adding\u201d repres\u00adents a striking oppor\u00adtu\u00adnity, which can be used to struc\u00adture the finan\u00adcing of working capital.<\/strong><\/p>\n

Mittel\u00adstand is unique in the world in terms of the rele\u00advance and market presence it enjoys in Germany. Even during the post-war period, this corpo\u00adrate class contri\u00adbu\u00adted signi\u00adfi\u00adcantly to the success of the econo\u00admic mira\u00adcle. In this context, the bank-depen\u00addent finan\u00adcing beha\u00advior of SMEs has histo\u00adri\u00adcally grown. Until now, the finan\u00adcing burden has been covered in parti\u00adcu\u00adlar by a closely inter\u00adwo\u00adven and long-term rela\u00adti\u00adonship with the prin\u00adci\u00adpal bank. For some time now, howe\u00adver, German SMEs have been plagued by finan\u00adcing worries. The tradi\u00adtio\u00adnal finan\u00adcing route via bank loans has become rockier in recent years, as the banking indus\u00adtry has had to respond to high cost pres\u00adsu\u00adres and adjust inte\u00adrest rates in line with company-speci\u00adfic risk. In the process, the condi\u00adti\u00adons for borro\u00adwers with \u201cweaker credit ratings\u201d have dete\u00adrio\u00adra\u00adted or addi\u00adtio\u00adnal loans have even been discon\u00adtin\u00adued altogether.<\/p>\n

More than ever, \u201cCash is King\u201d applies<\/strong><\/p>\n

The main losers in this process are the entre\u00adpre\u00adneurs, who are confron\u00adted with signi\u00adfi\u00adcantly higher finan\u00adcing costs and have to fear for their long-term finan\u00adcing capa\u00adbi\u00adlity. But despite this back\u00adground, many decis\u00adion-makers still attach too little importance to alter\u00adna\u00adti\u00adves to bank loans. The oppor\u00adtu\u00adni\u00adties for a more balan\u00adced finan\u00adcing struc\u00adture ther\u00ade\u00adfore often remain untap\u00adped. Those who react to this at an early stage, free them\u00adsel\u00adves from depen\u00adden\u00adcies and under\u00adstand how to use alter\u00adna\u00adtive forms of finan\u00adcing flexi\u00adbly are well advised.<\/p>\n","protected":false},"featured_media":41070,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2511,2527,2547],"product_tag":[1428,1868,1901,1951,1956,1960,1964],"class_list":{"0":"post-44043","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2010-2","8":"product_cat-arno-schneider-en","9":"product_cat-clemens-wagner-en","10":"product_tag-corporate-finance-en","11":"product_tag-arno-schneider-en","12":"product_tag-credit-crunch","13":"product_tag-clemens-wagner-en","14":"product_tag-finetrading-en","15":"product_tag-restrictive-lending-policy","16":"product_tag-sme","17":"pa_sprache-english-3","18":"pa_sprache-german","20":"first","21":"outofstock","22":"taxable","23":"shipping-taxable","24":"purchasable","25":"product-type-variable"},"yoast_head":"\nPurchase financing - an innovative way out of the credit crunch - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Purchase financing - an innovative way out of the credit crunch - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"There is hardly a topic that moves German entrepreneurs as much as the "right" corporate financing. However, in view of a more restrictive lending policy on the part of banks and rating requirements that have been adjusted as a result of the crisis, it is not easy for many small and medium-sized companies to realize an optimal financing mix. But despite the tighter parameters these days, new ways are being developed to get around the prevailing credit crunch. The financing option "Finetrading" represents a striking opportunity, which can be used to structure the financing of working capital. Mittelstand is unique in the world in terms of the relevance and market presence it enjoys in Germany. Even during the post-war period, this corporate class contributed significantly to the success of the economic miracle. In this context, the bank-dependent financing behavior of SMEs has historically grown. Until now, the financing burden has been covered in particular by a closely interwoven and long-term relationship with the principal bank. For some time now, however, German SMEs have been plagued by financing worries. The traditional financing route via bank loans has become rockier in recent years, as the banking industry has had to respond to high cost pressures and adjust interest rates in line with company-specific risk. In the process, the conditions for borrowers with "weaker credit ratings" have deteriorated or additional loans have even been discontinued altogether. More than ever, "Cash is King" applies The main losers in this process are the entrepreneurs, who are confronted with significantly higher financing costs and have to fear for their long-term financing capability. But despite this background, many decision-makers still attach too little importance to alternatives to bank loans. The opportunities for a more balanced financing structure therefore often remain untapped. Those who react to this at an early stage, free themselves from dependencies and understand how to use alternative forms of financing flexibly are well advised.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/\" \/>\n<meta property=\"og:site_name\" content=\"FYB Financial Yearbook\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Schneider.png\" \/>\n\t<meta property=\"og:image:width\" content=\"334\" \/>\n\t<meta property=\"og:image:height\" content=\"298\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/\",\"url\":\"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/\",\"name\":\"Purchase financing - an innovative way out of the credit crunch - FYB Financial Yearbook\",\"isPartOf\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Schneider.png\",\"datePublished\":\"2017-11-26T14:15:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/#primaryimage\",\"url\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Schneider.png\",\"contentUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/07\/Schneider.png\",\"width\":334,\"height\":298},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fyb.de\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FYB Shop\",\"item\":\"https:\/\/www.fyb.de\/en\/shop\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Purchase financing \u2014 an innovative way out of the credit crunch\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fyb.de\/en\/#website\",\"url\":\"https:\/\/www.fyb.de\/en\/\",\"name\":\"FYB Financial Yearbook\",\"description\":\"For Your Business\",\"publisher\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fyb.de\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fyb.de\/en\/#organization\",\"name\":\"FYB Financial Yearbook\",\"url\":\"https:\/\/www.fyb.de\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fyb.de\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2020\/06\/logo.svg\",\"contentUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2020\/06\/logo.svg\",\"caption\":\"FYB Financial Yearbook\"},\"image\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Purchase financing - an innovative way out of the credit crunch - FYB Financial Yearbook","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fyb.de\/en\/produkt\/purchase-financing-an-innovative-way-out-of-the-credit-crunch\/","og_locale":"en_US","og_type":"article","og_title":"Purchase financing - an innovative way out of the credit crunch - FYB Financial Yearbook","og_description":"There is hardly a topic that moves German entrepreneurs as much as the \"right\" corporate financing. 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