Small business lending reaches record high
19 Sep 2016
The National Association of Commercial Finance Brokers figures shows that lending to small businesses has reached a record high over the past year, rising 30 per cent to reach £20.7bn. With traditional funders not lending as readily as previously experienced, businesses often need to use alternative methods to source working capital finance to fund start up and growth.
According to the report, leasing and equipment finance is up by 10.5 per cent, invoice finance by 22.8 per cent, development finance by 49.8 per cent and bridging finance by 74.6 per cent. At Beavis Morgan, we understand that choosing a finance partner is not a one size fits all exercise.
That’s why our team at BM Structured Finance are on hand to match the most suitable products to each individual circumstance, always working together to ensure compatibility and satisfaction, adding value to your business or client relationship. With a wide reaching network of contacts throughout the finance and equity sectors, we are able to provide a multitude of financial products tailored to suit each individual requirement. Contact Simon Belton or your usual Beavis Morgan Partner for more information about how we can help you find the funding your SME business needs to grow and thrive.