Partner Article

Local SME Finance Experts back Love Lending Week

Local commercial finance brokers and lenders are coming together to launch ‘Love Lending Week’ - a campaign to promote financial support for local businesses. The campaign launched by the National Association of Commercial Finance Brokers (NACFB), will run from 3rd to 7th November.

Love Lending Week will celebrate the success and great work of small businesses as well as the lenders and financial brokers who provide crucial support in helping local companies grow. Championing the work for Greater Manchester, Excel-A-Rate Business Services Limited, is joining forces with finance experts across the country to encourage small business lending.

David Ballan, MD of Excel-A-Rate Business Services Ltd, said: “SME’s are still finding it very difficult to get loans from the Bank, who have very strict lending criteria. Unlike many of the established funders, we pride ourselves on our personal relationships, getting a good understanding of our client’s business and arriving at innovative business funding options, based on good old fashioned common sense as well as a detailed grasp of the figures. As a result, we can understand their business and how they wish to develop it.”

The NACFB is the national trade body for brokers who arrange finance for businesses. Heading up the campaign, Marcus Grimshaw, Chairman of NACFB said:

“Love Lending Week celebrates the fantastic work that independent brokers and lenders are doing across the country to help small businesses access finance. SMEs often struggle when it comes to securing funding, so it’s really important to spread the message of where local businesses can go to look for help - such as the website findSMEfinance.co.uk. “We want to generate awareness about the range of finance options on offer for businesses in the UK and encourage institutions to keep on lending!”

Excel-A-Rate Business Services Limited, help businesses such as Whitewaters Training. As an existing client they approached Excel-A-Rate for additional vehicle finance and were accepted within 24 hours. Unfortunately when they went to place the order there was a 10-16 week lead time on ordered vehicles. On hearing this Excel-A-Rate made contact with some providers they knew and found alternative vehicles within days. This is the kind of benefit and the level of service that an independent finance specialist can offer their clients.

For more information about Excel-A-Rate Business Services go to www.excel-a-rate.co.uk

This was posted in Bdaily's Members' News section by Ann Prax .