London, England – 9/21/2017
Studies reveal that SMEs all across the UK are looking elsewhere to raise funds, rather than traditional banks.
With the advancement of alternative finance, growing business’ are now being provided access to a wider range of financial options, alongside bespoke and flexible solutions to meet their requirements.
Statistics show that alternative finance providers are lending SMEs more than ever before. In the first quarter of 2017, businesses borrowed £711m. Now total lending to small and medium-sized business stands around £19.3bn.
Nucleus spokesperson had this to say: “These figures do not reflect failure by the banking industry to make finances available. Indeed, the increase in use of alternative business funds shows an increased awareness by the banks and also that these approaches have specific benefits.”
He further added that, “More than half of business managers (that is 52%) are aware of the financial choices available to them; a figure that rises to 3 in 4 (that is 75%) amongst SME CEOs.”
Whilst 34% of small and medium-sized enterprises said they’d opt for invoice finance pointed towards the pace with which they could receive access to finances; 18% anticipate it to be much more affordable in comparison to other types of finance; with 15% saying they’re attracted by its simplicity.
Nucleus Commercial Finance provides support and alternative finance to thriving SMEs across UK. They have a team of professionals who have extensive knowledge and experience in banking and investment.
Nucleus Commercial Finance helps business owners find one of the best bespoke solutions for their financial problems. They offer services with upfront fees and do not penalise with unexpected charges. To find out more about their services visit, https://nucleuscommercialfinance.com/products/unsecured-business-loans.
Nucleus Commercial Finance Ltd.
2 Gees Court
+44 (0)207 839 9451