Thursday June 4, 2020

Strapped SMEs seek alternative funds

Small businesses are turning to alternative sources of funding, such as invoice finance, as banks continue to withdraw credit fromthe SME market.

10th September, 2011
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Small businesses are turning to alternative sources of funding, such as invoice finance, as banks continue to withdraw credit fromthe SME market.

Invoice finance firms are reporting record growth in the last year from small enterprises looking to access extra loan facilities, but which can’t obtain the money from their banks. The bank lending hiatus has opened up opportunities for niche lenders, such as invoice discounters, which lend working capital against a borrower’s sales ledger....

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