With the Bank of England confirming last month that lending to businesses from the traditional funders fell by £5 billion in the three months to February 2013, businesses are needing to use alternative methods in search of working capital finance to fund their growth. But, what are the chances of finding the right lender for a new or growing venture? And where should SMEs be looking to find other viable sources of funding to get the money they need to manage cash flow?
At a recent local business group meeting held in Clerkenwell, BM Structured Finance explained that, whilst attracting and securing finance is harder today than ever before, by choosing the right independent finance brokerage, businesses can gain access to the most suitable products matched to their needs.
“Finding the right financial partner requires up to date extensive knowledge of the industry and a hands-on approach to sourcing the appropriate solution.” Amanda explained.
“The key for all businesses seeking funding, is in choosing an adviser who understands the finance market and which banks/lenders offer what products. With over 15 years in the industry, I have a wide reaching network of financial providers, both in the equity and debt markets, enabling me to find the right funding solution and therefore ensuring that the individual needs of each business is accurately met.”
According to the Department for Business Innovation and Skills, in the UK only 25% of small businesses think of themselves as being good at getting external finance. But help is at hand. Speak to Amanda about how BM Structured Finance can help you gain access to the right funding solution for your business.
BM Structured Finance – the specialists in sourcing and restructuring debt finance for SME businesses, enhancing cash flow liquidity and enabling maximum growth.
Source: Bank of England – Trends in Lending