ISSUE SPOTLIGHT: ACCOUNTANCY SERVICES
ADVERTISEMENT FEATURE Reasons to use specialist finance
Jon Elliott, regional development director for Northampton at specialist lender Together, explains when SMEs can benefit from using specialist finance
The use of alternative finance for SMEs has been becoming more mainstream for quite some time now. In fact, the country’s largest banks are now referring clients that they can’t help directly to alternative lenders under the Government’s new bank referral scheme, a scheme which we are a part of and one which is expected to fuel growth in Britain’s SMEs. At Together, we have 43 years’ experience in providing
finance to suit a wide range of needs and often help businesses and entrepreneurs that require funding which may not fit with the more rigid criteria of the mainstream lenders. To help you to understand how alternative finance could
boost your business plans, here are the most common reasons businesses use our specialist lending services:
To purchase property Often we are able to provide finance in situations where mainstream lenders are unable to meet the necessary timescales. When a property purchase requires a quick completion, for example, we can provide fast and flexible funding.
To seize an investment opportunity Likewise, when businesses are looking to seize an investment opportunity, whether to purchase equipment
or stock, expand operations, or to acquire retail or office space, our common sense approach means that we are able to work with businesses of all sizes and across multiple sectors in order to secure the funding they need.
To refinance existing debts Refinancing can help small businesses by consolidating debts into one, making them easier to manage and enabling them to plan ahead. Being able to refinance when necessary can also help
improve cash flow, whilst paying off creditors and maintaining relationships with key suppliers can be crucial in securing the reputation of the business.
To release equity Another reason businesses may need to use a specialist lender is to release equity, by allowing the client to raise money against the value of a residential property and providing funds for business use.
So, if you think short-term finance could benefit your business, contact Jon Elliott, on 01908 871 387 or
Jon.elliott@togethermoney.com.
Find out more at:
www.togethermoney.com AUGUST/SEPTEMBER 2017 inbusiness 23
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