Is your business being held back by a lack of working capital?
Whether you are looking to grow your business by taking on more staff, by purchasing stock or you simply want to improve your cashflow ahead of the Summer season, a lack of working capital is one of the biggest things that holds business owners back.
Samantha Thorpe, Director of Premier SME Funding Limited, has helped hundreds of business owners to grow their business. Samantha says “I often meet business owners that have been turned down for finance by their banks, and they don’t realise that there are other options available to them. They halt their growth plans, or struggle due to a lack of capital. I work with over 150 business lenders, providing a huge number of alternatives to traditional bank finance.”
The alternative business finance market is fast-growing, with many of the lenders offering rates and terms that compete with the banks.
Samantha gave an example of a client that she recently worked with, within the building industry, “My client had grown their business really quickly, and was making a small profit but they were struggling to keep up with their growth. They were turning business away due to not having enough money in the bank to pay for materials. Their bank had turned them down for a loan but luckily the client found me via my Linked In page. I was able to arrange a line of credit for them within 4 working days! They have since come back to me for more finance to support their continued growth and have nearly doubled their sales figures in the last 12 months”.
It’s not just the building industry that Premier SME Funding Limited work with though – they can arrange finance for any legal business purpose, and for any amount. Samantha is based in Suffolk, but works with businesses all over the UK.
If you would like further information on the types of business finance that may be available to you, contact Samantha Thorpe by email or via telephone on 01473 657257.