05/27/2021 | News release | Distributed by Public on 05/27/2021 00:05
Shipping is a highly volatile and capital-intensive industry. In a market where valuations often fluctuate from one day to another, buyers of liquid shipping assets often need to lift their financing subjects towards the seller just a few days after they have entered into a vessel purchase agreement. For such transactions, it is crucial to obtain financing commitments quickly. An established client relationship with a bank that can provide firm loan commitments in a very short time, will ensure that you don't miss out on attractive investment opportunities.
At Pareto Bank we are able to swiftly indicate on loan financing inquires and obtain credit approval within two weeks from the indicative terms have been agreed upon.
The key behind Pareto Bank's swift response is as follows:
Pareto Bank has short decision lines. As opposed to traditional larger shipping banks, where efficiency depends on the cooperation of large specialist departments, we are a small shipping team where everyone is hands-on and involved in the entire process. In Pareto Bank, we do all the work ourselves - from A to Z.
Want to learn more about Pareto Banks' services when financing shipping? Please contact us by clicking on this link.Every member on the team
and can indicate and negotiate the terms and conditions toward our customers
In Pareto Bank, we seldom have to wait for answers from colleagues or decisions to be taken at a higher level in the organization. As a client in Pareto Bank, you will always communicate with the same advisers.
Learn more about the advantages of financing shipping and offshore in Pareto Bank
To offer competitive financing terms in line with the current market, the bank has to assess risk factors along multiple axes in order to get the necessary comfort before approving a loan.
The most important areas we typically assess are
An already established relationship between the customer and the bank and timely delivery of information needed to perform risk assessments are also critical elements of obtaining credit approval within two weeks.
We look forward to assisting you in making your next deal a success and welcome you to learn more about our services.