The NACFB will be launching a national campaign called Love Lending Week, which will run from Monday-Friday next week. The aim of the campaign is to issue a strong message to the industry- that commercial finance brokers and lenders are successfully lending to small businesses and we want to lend more.
MTF are joining forces with finance experts across the UK to raise awareness about the wide range of alternative funding options on offer and to show small businesses the many different ways of accessing funds.
SMEs play a central role to the UK economy but many have struggled from a lack of liquidity following the financial crisis. With a change in market conditions it is essential for borrowers to be aware of the full range of options available to them.
There is an array of instances where short-term funding is the ideal solution for companies needing quick access to funds or to plug a gap that traditional lenders are unable to fill.
MTF has been providing loans since 2008 and throughout this time we have been delighted to have the opportunity to assist numerous businesses. Whether funds are needed to acquire stock, provide additional capital to stimulate growth or to facilitate a new venture, MTF are committed to providing liquidity to the SME sector.
For example, shareholders of a national brand of health food products needed cash to inject into their growing business. With a large amount of retail distributors, the applicants faced a lag time between sales and booking a profit.
Despite being a large and growing business behind a major household brand, they were unable to obtain the additional funds they needed from banks. MTF were able to provide a £626,000 short-term loan in under a week, satisfying their liquidity needs.
Through increased innovation, alternative lending can also have positive impact on SMEs indirectly. We recently provided a short-term loan to a client who invests in start-up companies in the technology sector and required £650,000.This was an attractive investment opportunity as the tech sector is one of the fastest-growing and most exciting industries in the UK. MTF provided the full £650,000 over an 18 month term. He was then able to use the funds to invest in SMEs.
At MTF we really do love lending. New businesses are born every day and it is critical they should be provided the opportunity to turn aspiration into achievement.
If you would like to show your support, please sign up to the NACFB’s Thunderclap. Or join the conversation on Twitter using the hashtag #LoveLending