The alternative finance solutionPublished on 17th March 2017
Looking for finance, but got turned down by your bank? Need to complete that long awaited business project, but lack the necessary funds? Or does your business need extra support when contending with unforeseen challenges? If so, the alternative finance industry can help.
As more and more banks turn their backs on SME businesses, many business owners are still unaware of the vast array of opportunities still on offer. This is in spite of the British Business Bank releasing the British Finance Guide, informing and encouraging business owners to explore their funding alternatives.
So what is alternative finance?
Alternative finance is stepping in to fill the gap left behind by traditional high street banks.
With record numbers of bank branch closures occurring up and down the UK, business owners in affected areas feel stranded. But this is where the beauty of alternative finance comes into play.
As one door closes, a dozen more open, and is certainly true in the case of alternative finance. Whether you’re looking to fund your latest business project, expand into new areas or looking for support during difficult periods, help is at hand.
Alternative finance is simply finance offered by anyone other than your traditional high street bank. As a result, there are now thousands of lenders in operation, each offering an extensive array of funding alternatives including loans, Hire Purchase, Invoice Finance, Merchant Cash Advance and much, much more.
Is alternative finance for you?
If your business is in need of finance, the benefits of alternative finance really can help elevate it to new heights. However, you must ask yourself:
- Why do you need finance?
- How much do you need?
- What type of repayment scheme can your business cope with?
With so many lenders offering thousands of finance solutions for your business, you’re bound to discover a finance solution to suit your needs. But where?
Looking for finance can be a frustrating and intimidating process, often leaving you confused as to which is the best finance solution for your business. This is where Rangewell can help.
Our values are simple – We’re on your side.
At Rangewell, we support a wide range of SME businesses of every shape and size, for finding every type of finance. Follow us on Twitter and LinkedIn for business tips and tricks, and feel free to call us on 0203 637 2340 if you’d like to chat about what we can do for you.
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