Research carried out by a national accountancy firm has shown that an increasing number of UK SMEs are prepared to look beyond their bank for finance. Instead, they are exploring alternative methods of raising funds such as borrowing against stock, plant and machinery, invoice factoring, and even selling off business assets to raise cash. Certainly our experience over the past year or so confirms the same.
The number of well-established finance alternatives out there mean business owners can really shop around to find the best solution for them. We are always happy to discuss the various options available, so please do get in touch.