The ASC Blog
What are the alternatives to alternative finance?
I’m sure you’ve heard of alternative finance being the saviour of small businesses. If you believe some of the stories in the press, the banks are not lending to small businesses at all, and using alternative finance such as crowdfunding or peer-to-peer lending are, in today’s market, the only ways to get any form of finance for a business.
Well, that’s not strictly true.
Alternative finance can be a brilliant option for some businesses, as the range of possible commercial finance options has increased. However, they are not necessarily right for each and every business. And the traditional banks are still lending to businesses, even if the majority are only focussed on specific businesses and industry sectors. What this means for potential borrowers, is that there are more options than ever, but it has become increasingly harder to identify which avenue is right for each particular borrower.
And that is where we come in as commercial finance brokers. We understand that your expertise is in running your business, and therefore having to shop around for finance becomes a tedious process. As brokers with access to a wide range of finance providers, from the traditional high street banks, to niche and specialist lenders, and even crowdfunders and peer-to-peer lenders, we can focus on the right source of finance for your business, so you can focus on running and developing your business.