What are Bespoke Finance Solutions and why should I learn more?

Every SME must find a way to finance their business, and traditional high street lenders may not always offer the solution.

 

Close Brothers and Munro & Noble Financial Services are delighted to be co-hosting a seminar on Sep 28th, featuring some of the country’s leading experts in non mainstream business lending.

They will be covering a diverse range of funding needs including start ups, asset finance, working capital, and the rapidly expanding peer to peer lending market.  

All of these can complement what is on offer from the locally based High Street lenders, however there can often be situations in the life cycle of a business where they may need to have an alternative source of finance available to them.   Almost all of the non-mainstream lenders are based outwith the Highlands, however this event will some of them together under the same roof, and available for open forum q&a, as well as individual meetings with business owners and advisers.

Close Brothers themselves will be updating the audience with their latest Business Barometer, which draws on feedback from a wide range of SME owners across the UK; as well as some recent case studies from their Highlands & Islands clients.

A total of 5 speakers will join Munro and Noble and Close Brothers to inform the audience of alternative finance options;

LendInvest is the UK’s leading online lender for short-term property finance, aiming to bring greater speed, efficiency and transparency to the property finance market.

Peter McDermid, Business Development Manager says: “LendInvest have originated almost £1 billion of bridging and development loans for landlords, investors and developers to buy, build or renovate almost 3,000 homes across the UK.

LendingCrowd launched in 2014 to offer businesses keener loan rates and investors better returns by providing an easy-to-use online service that brings interested parties together using an innovative online platform combined with a highly experienced credit underwriting team.

Adrian Innes, who will join the host of speakers on the 28th, says: “We believe people looking to invest their money seek more control, convenience and faster, easier access to competitive products to achieve better financial returns.

To support a vibrant and growing community of small and medium-sized enterprises in the UK we aim to provide simple, lower cost lending with greater flexibility, straightforward security arrangements, minimum ongoing administration and no exit fees.”

•             Over 140 loans lent to companies and sole traders throughout the UK

•             Over £15m loaned through the platform by May 2017

•             Over 3500 investors signed up

Atom Bank are gaining momentum in both the banking and digital sectors with Superstar rapper Will.I.Am on board as Strategic Adviser.
Liam Brodie, self identifies as wanting to be a part of change within the banking industry. To cause the ripples that result in true integrity and client trust, whilst helping business growth and the UK economy

He says: “I am building a concise panel of intermediaries who will have access to Commercial Lending from Atom Bank. This will largely consist of Finance Broker, Solicitors, Surveyors and Accountants, with the Scottish panel featuring c.30 when built. I am keen to speak to businesses who might be able to represent the industry positively, with their primary focus on their clients.

We are extremely competitive due to our modern and efficient cost base, a powerful combination which addresses the current imbalance between the client and obtaining finance from high street lenders, in a fair and ethical way

He continues: “We are certainly turning heads and it is a wonderful feeling to be doing just that”.

Perry Burns, Managing Director at Working Capital will be explaining how liberating cash flow can help build value in a business.

Business Owners often feel that if at all possible they shouldn’t borrow, as it adds additional cost and may place additional burdens on the business because of the disciplines and reporting that lenders may require. So they try to stay away from borrowing if they can.

However, successful entrepreneurs, especially those that want to grow their businesses, typically understand that sometimes borrowing can help rather than hinder the business.  If used properly, it can actually improve the overall value of their business.

Businesses usually turn to their bank in the first instance, but find that they do not get the support that they need, most likely because of the lack of security or a less than pristine credit history.   Even if the bank can help, the timescale required to get the facility set up is simply too long.

We argue that sensible borrowing is a good idea and if used wisely can enhance a businesses growth potential.  We work with business to provide that cash flow finance with a range of selective invoice and purchase order finance products especially designed to help SMEs fund their business efficiently and with minimum risk so that they can build real value and fuel real growth.

With one speaker still to be announced, bookings for the seminar are already filling up – make sure you don’t miss out and book your place here