Love Lending Week Is Here

05/11/2014
Love Lending Week Is Here

A new campaign designed to promote fiscal support for small businesses will be running until November 7th, dubbed Love Lending Week, with many an asset finance expert out there now getting behind the scheme.

Set up by the National Association of Commercial Finance Brokers (NACFB), the week will celebrate the work and success of small businesses around the UK, as well as those lenders and brokers who offer vital support to local companies in helping theme xpand.

Marcus Grimshaw, chairman of the NACFB, explained that Love Lending Week is all about a celebration of the work that lenders and brokers are doing to help small to medium-sized enterprises access funding.

“SMEs often struggle when it comes to securing funding, so it’s really important to spread the message of where local businesses can to look for help,” he remarked.

You can track the progress of the campaign over on Twitter by following the hashtag #lovelending, where you will see who has pledged their support of the scheme.

According to the NACFB, £1.25 billion was lent to smaller companies in September, representing a 55 per cent rise on the same time a year ago. Mr Grimshaw explained that a surge of new lenders have entered the market in recent years, which has helped thousands of SMEs access finance who were finding it a struggle before.

Despite this however, many smaller businesses remain unclear about what options are available to them beyond the traditional high street banks, so it would be worth doing some research to see where else you can access finance from.

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