Yet despite what would seem significant changes to the product offering, the market has still not achieved what I believe is its full potential.
Some of the larger players now have moved away from the smaller SME market, driven by compliance, cost of capital restraints and the difficulty of changing old legacy operating systems. This has led to a number of smaller independents, filling the space, and amongst these changes we also have seen the explosion of Peer to Peer lending
So the lesson to be learnt is I suppose, to be adaptable , to embrace change but at the same time don't throw away all the knowledge gained along the way.
After 35 years in the lending world, working within given parameters and product sets, I now have the opportunity to look across the market for solutions to a range of funding problems that we are presented with. From trade finance, invoice finance and full ABL, to tax credits of R&D expenditure and overpayments in Stamp Duty; in short there aren't many funding requirements that we cannot present a solution for.
To learn more or for assistance raising finance for your business please contact Tim or one of the team here