There is a common misconception that raising business finance is a difficult thing to do, actually we think it is now more open than ever.
Access to business finance is about options, about the number of lenders who have an appetite to lend to you, in your market, to your level of risk and to you as a business.
The position with banks is a very mute point. The banks are lending, but they are only advancing finance to businesses that meet their rigid criteria, this is creating an arena of the ‘haves’ and ‘have nots’.
However we would encourage any business planning to raise capital, expand, consolidate, purchase premises or anything requiring finance, to be more upbeat than ever.
The answer here is that the lethargy of the banks to move away from rigid criteria has left the door open for smaller, more versatile and very well funded lenders to enter the market with some aplomb.
The challenge to business owners is in identifying where these lenders are, many will not deal direct with the client and act only through intermediaries.
As experienced commercial lenders and full members of the NACFB then we are uniquely placed to guide you to the right solution.
The earlier you look at business finance the more options you will have.
If you want to see what your options are then get in touch here, or call us on 01293 541333, alternatively add your comments above and we will respond.