Expected to increase

A recent report has shown that more than half of small business owners expect to use alternative financing in the future rather than traditional high street lenders. The report showed more than 60% of those surveyed will be raising finance within the next 2 years.

Demand for bridging finance is well placed to continue going from strength to strength over the next few years as mainstream lenders struggle to evolve to adequately support the thriving small business community.

The small business man is increasingly turning to specialist lending as they have the skills to understand their specific needs.

One such small business owner in Essex said “bridging finance is so easy and quick to complete and the costs now are very reasonable”. “I have been using this form of lending now for the last two years and can honestly say I have never had a problem”. “The most important thing to remember is to have a sound and logical exit strategy in place and you will be in a strong negotiating position”.

High praise indeed but it’s not surprising when on average a “clean case” can complete in less than 10 days and this is what makes this form of lending so attractive.

Bridging lenders have been quick to recognise this gap in the market and have responded with new and innovative lending ideas which are aimed at small businesses.

Bridging finance has a vast array of uses, also over the past 3 years interest rates have fallen significantly making this form of lending very attractive.

Like too know more?

If you require assistance raising funds please do contact one of our fully qualified advisers who will be happy help.