Finance
Sector Focus
ADVERTISEMENT FEATURE
Specialist lending for Birmingham businesses
Businesses across Birmingham could be missing out on opportunities due to a lack of finance or delays in funding, warns specialist lender Together.
The specialist lending sector is thriving and, over the past few years in particular, has altered the landscape of the finance industry. Also referred to as alternative finance, the term is essentially the collective name for the many avenues available for raising finance other than the traditional high street bank. A recent survey however from Together found that there is a general lack
of awareness around the alternative options SMEs have when it comes to accessing the finance they need. Together’s regional development director for the Midlands, Mark Finucane
(pictured), said: “This lack of awareness of the alternative finance market will mean that businesses, particularly SMEs, could be unnecessarily missing out on opportunities. Typically, our finance is used for a range of purposes, such as purchasing a property, be that residential, commercial or semi- commercial, clearing a tax bill, releasing cash flow or facilitating a management buy-out. As a specialist lender, we have greater flexibility than those in the mainstream market, and are able to act faster, allowing businesses to move quickly on a purchase or investment.” Mark, who, as well as being a property investor himself has a
longstanding career in the financial services arena, added: “I bring Together’s common sense approach to the region, offering the professional
sector the opportunity to enhance their offering, and opening doors for businesses that may not meet the criteria of traditional lenders, for a variety of reasons. As a specialist lender, we can unlock funding for SMEs and investors when their high street bank isn’t able to assist. “Our recent figures are testament to our success - we increased lending
by nearly 40 per cent in the 12 months to 30 June 2016, reaching over £1 billion, and have a loan book in excess of £1.8 billion. “2016 has been a very positive one for the alternative finance sector so
far and indicates that whilst the landscape of the finance market may have changed dramatically, there are many options available for both businesses and individuals to find the finance that’s right for them – it’s just about knowing where to look.” For businesses and investors looking to grow, the specialist finance
market is ideally positioned to help. Together offers a wide range of finance including short-term finance,
auction finance, residential, commercial and buy-to-let mortgages and secured loans, operating across Birmingham and throughout the UK.
Visit
www.togethermoney.com/Midlands for more information, call Mark on 0121 396 1452 or email
mark.finucane@
togethermoney.com
December 2016/January 2017 CHAMBERLINK 53
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