According to a survey by Allica Bank, there has been an increasing number of businesses are seeking asset finance to drive business growth, an encouraging trend! Nearly 50% of asset finance brokers reported an increase in demand, with a third seeing at least a 10% rise in applications. The demand is coming mainly from businesses looking to invest in new machinery. Others, however, are seeking to refinance existing assets as a means of generating cash flow. Having said this the survey then reports that around 25% of brokers have experienced a decrease in demand. The reason given is concern over rising interest rates and costs. The head of asset finance sales at Allica Bank, emphasised the importance of supporting UK SMEs in their growth plans.
BFS Comment: Are you considering purchasing new assets? Do you need to raise working capital and will consider asset re-finance? If so, we have a range of Lenders who can provide what you need. For a free consultation on your best options, simply call Peter on 07770 866955, e-mail him at email@example.com or visit our web site www.bufinserv.co.uk and complete the enquiry form and we will be in touch