Banks encouraged to signpost alternative funding for SME's

 

         Commercial & Corporate Finance Specialists

 28 March 2014           

Banks encouraged to signpost alternative funding for SME's

The FSB recently commented: “Small firms, and especially new businesses, find it hard to access the finance they need to grow. We have called for the banks to signpost firms refused finance to alternative providers".  The Times, Business, Page: 39

A new consultation on mandatory referrals is to be launched shortly, in an effort to increase sources of finance for small businesses.  This is a further indication that the government sees the future of lending in alternative finance providers; with the new style Peer to Peerlending platforms being particularly supported by business secretary Vince Cable.

At Sterling Capital Reserve, the solutions we offer  (including the Peer to Peer lending platforms), can provide finance complementary to your bank.

We are already working with many bank managers who signpost clients to us when they are unable to assist.

In most cases, these clients obtain the funding they require and because of the collaboration in blending financial products to achieve a solution, the bank keeps its’ client.

Reasons why we are a safe destination for Bank “signposting”

  • Specialist Commercial Finance Brokers
  •  Invoice Finance, Commercial Mortgages, Asset Finance and Peer to Peer Lending
  • Grants and Regional Development Loans
  • NACFB (National Association of Commercial Finance) Members
  • Panel Brokers for niche specialist lenders
  • Operating in the U.K. for over 15 years
  • Sponsors for ThinCats, Assetz and FundingCircle
  • Team of Consultants with Accounting and Banking backgrounds

We welcome the opportunity to work with clients who the banks are unable to assist.
call us now on 0115 984 9800 or email us: funding@sterlingcapitalreserve.co.uk

Kind regards.

 

David Griffiths, ACA
Managing Director
M:  07850 188046

David Marshall, ACIB
Commercial Finance Consultant
M:  07764 512840

 

 

 

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Sterling House | 10 Wheatcroft Business Park | Landmere Lane | Edwalton | Nottingham | NG12 4DG
t: 0115 984 9800  |  e: funding@sterlingcapitalreserve.co.uk

www.sterlingcapitalreserve.co.uk

 


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