Access to Non-Bank Finance is a funding route which many businesses now find themselves gravitating towards upon being turned down by a bank.
In today’s economic climate, it’s a common occurrence and dilemma for which many entrepreneurs and business owners encounter, particularly since the 2008 credit crunch.
As such, since that time the lending landscape has and continues to rapidly change, working towards becoming ever more creative in its ability to facilitate the needs for businesses to gain access to finance. The days are now long gone when the sole option of business funding was by way of traditional bank loans.
Access to Non-Bank Finance can be obtained in many different ways such as via Peer to Peer lending (Funding), the Enterprise Finance Guarantee Scheme, Equity Finance and Start-Up Loans.
Regardless of if banks continue to elect to close their doors to a number of new and existing small businesses (SME’s), undoubtedly more and more new funding alternatives will continue to open up in order to fill the gap in the business funding marketplace.
Our funding partners have a wealth of experience with all routes to finance including being able to access non-bank finance from a growing array of different lenders, utilising all kinds of creative financing options to obtain the right solution for the customer. That’s why many business owners look at all routes to finance.
If you need help to gain access to non-bank finance, feel free to let us know and we can evaluate your options with no obligation on your part.
