What to Do If the Bank Says No?>
The decline in bank lending to UK small businesses has been well-charted. Now only one-third of UK small businesses currently use any kind of external finance. Four in five businesses describe themselves as ‘happy non-seekers of finance’.
Being turned down for finance by a bank used to be the end. Now there are many other options, there are hundreds of new lenders offering cheaper, quicker, transparent products more geared towards today’s economy. Any business not looking beyond their bank will be missing the best finance options available.
This guide from Market Invoice highlights some of the options available for business owners.