It is safe to say that the Government’s Funding for Lending scheme has not proven to be a huge success (we’ll resist the urge to say “I told you so!)” Lending through the scheme was down in the second quarter of this year, contracting by £400m.
Even though the scheme is proving to be less successful then hoped, there are still lenders who are willing to lend to small businesses. Just take a look at some of the recent deals which we have done:
So the Government might not yet understand small businesses and their funding requirements, but we at ASC Finance for Business do! Contact us today in order to speak to an experienced director who would be delighted to discuss your requirements.