June 12th, 2017
A recent local Bank advert stated proudly that they approve 90% of Business Loan applications, yet a another contradictory report has suggested that at least one in four small businesses have been turned down for growth funding by their existing bank. So is it all good news or all bad news for the SME sector?
Traditional banks are feeling the heat from a new generation of fun ders like UPSTREAM, able to make decisions and provide appropriate funding in days rather than months.
Finance options available to small businesses have changed dramatically in recent years and in a report on competition by the British Banking Association (BBA), the organisation acknowledges that competition has become fierce among some segments including business banking and alternative finance providers.
As an SME ourselves, we at UPSTREAM have face d all the challenges and obstacles that you continue to face . We know your story because it’s so similar to ours. Our empathetic yet innovative approach to finance and working capital requirements allows you to achieve fearless growth, safe in the knowledge that we can (and do) assess businesses on their current and future merit s rather than on a historic balance sheet.
So what are you waiting for? Click HERE or call us on 028 9099 9450 and start the conversation.
We’ll provide the action.
To discuss opportunities in any of these areas, please get in touch with one of our partners.