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New SME funding platform launched

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FindSMEfinance.co.uk will match small and medium businesses with funding across a range of providers, from invoice finance to high street banks and P2P.

Marcus Grimshaw, Chairman of the NACFB, said: Despite various lending initiatives and awareness campaigns to make it easier for SMEs to borrow, small businesses still face significant challenges when it comes to securing finance.

The issue, however, is not availability of funds. Its about awareness and access. Many SME lenders are specialists that dont have a high street presence, so it’s difficult and time consuming for small businesses to track them down.

The news follows the launch of Alternative Business Finance, a funding matchmaking platform created by alternative funders. The CBI’sFindmyFinance tool is also a useful resource for those exploring their funding options.

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