A recent research report published earlier this month shows a growing divide between companies that can and those that can't gain access to financing. 28 per cent of the Misys and TMI survey respondents said they were finding it more and more difficult to find the funding they need for their SME business, with banks still hesitating to lend to smaller companies. 24 per cent also said they they are now using a combination of bank and non-bank funding options, with a further 9 per cent saying they rely more heavily now on non-banking platforms as opposed to two years ago.
These findings are further supported by this week's Telegraph's Strategies for Growth section which notes that 50 per cent of small business owners are resorting to using their own cash to fund they businesses.
With demand for alternative finance set to increase further in 2016, it is crucial that SME’s choose an adviser who can recommend the right financial products for their specific business needs. Our partner business, BM Structured Finance, specialises in sourcing and restructuring debt finance for SME businesses. We match the most suitable products to each individual circumstance and work together to ensure compatibility and satisfaction, thereby enhancing the business’ cash flow liquidity and facilitating maximum growth.
For more information about how BM Structured Finance can help you and your business, contact Simon Belton on 020 7549 8003.