Apply now

Plight of the SMEs

Published on 7th February 2017 - Last update on 22nd November 2019

The SME community forms a vital section of the UK economy, yet the plight of SMEs is largely going unheeded by traditional high street banks. Despite the essential role that they play in job creation and adding to a massive chunk of the private sector’s overall turnover, SMEs are still calling out for funding and more help from the UK government.

The role of Alternative Finance

However, Alternative Finance is on the rise and offering key opportunities for the SME community to acquire finance. Surely, as banks continue to close their branches, business owners should rejoice in the fact that there is still an immense arsenal of funding solutions all waiting to be implemented. Unfortunately, many are still unaware of the opportunities for growth, sustainability and expansion offered by this emerging area of the business finance sector.

So, as more and more SMEs are refused funding by high street banks, especially those who don’t hold a current account with them, alternative finance is providing a much-needed ray of hope.

As this industry continues to grow and expand, so does the range of available finance solutions. Currently there are thousands upon thousands of packages available to your business, which is set to get even larger still. You can be forgiven for feeling bewildered by the vast selection of finance packages on offer, but you’re not alone. Companies such as Rangewell can help. We understand and appreciate the vital role of SMEs. With our services and expertise, the perfect finance solution is never out of your reach.

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.

Share this article

Discover your range of finance. Every type of finance for every type of business.

Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.

Find Funding
David Harrison

David Harrison

Content writer