As stated before, bank lending to SME’s has become highly conservative. It’s so difficult for most business owners to access capital from their high street bank. Various schemes – the EFG to name one – have proved ineffective in getting working capital to businesses.
Alternatives do exist, and are slowly establishing themselves as a credible way to raise capital.
Over the past two years particularly, we’ve experienced a good level of success from an increasing number of our investors who are keen to lend their money to SME’s.
Typically these are for property based transactions, and for order or trade finance facilities.
For example, a recent client in the care sector was looking for 100% funding to purchase another home. We were able to help. Another client had a large order from an existing customer for product sourced overseas. This was fully funded through a private lender.
Private lenders can be individuals or a structured fund backed by private individuals. They will look at each case on its merit. Security, together with an ability to settle the facility, are the key underwriting criteria.
If your business is looking for funding that fits the above criteria, we can help.
We are not running an auction business nor are looking to forming syndicates.
We act as a broker, placing your business with typically one to three correct funding sources and generating a fee upon success.