As it becomes more popular in the UK, equipment finance continues to arrive in various forms. At DJB, we recognise that not all business owners are familiar with the concept. That’s why we’re keen to clarify it to Continue reading
For all kinds of firms, cash flow is a huge issue, with tens of thousands of companies in the UK going bankrupt due to Continue reading
Business finance within the UK is coming from a wide range of sources, according to a report from the National Association of Commercial Finance Brokers (NACFB).
Asset finance brokers have seen growth Continue reading
Research by Funding Options has shown that British SMEs are using more than £75bn in alternative finance on an annual basis.
This means there has been more than a Continue reading
Alternative finance is growing in popularity in the UK. In 2014, £1.74 billion was Continue reading
Alternative finance is growing in popularity in the UK. In 2014, £1.74 billion was raised using alternative finance methods.
A recent survey carried out by Amicus, the property based lenders, shows just how popular alternative lending is. A significant percentage of the participants were using alternative borrowing or planned to use it in the future. The survey team concluded that demand for alternative lending products would increase by 26% over the next two years.
Alternative lending products offer many benefits. These include:
A simple application process
Applying for a loan from traditional finance providers is often long and complex. Typically, there are a lot of forms to fill out and it is usually necessary to produce a business plan to back up the application. Most alternative lenders do not require this level of information.
Fast decisions and easy access
Most alternative lenders decide very quickly whether they are going to lend. They will often make a decision within a few days, sometimes almost immediately. Many traditional lending institutions take several weeks to reach a decision, by which point the business opportunity a firm is pursuing could have disappeared.
With alternative borrowing packages, it is far easier to secure more money when it is needed. Many providers are more flexible about the way the loan is paid back.
At DJB, we offer a range of alternative lending products all of which are affordable and easy to access. Amongst our products are asset finance solutions and re-financing of existing assets. Please get in touch to find out more.