SME funding easier to secure

 Funding for SMEs easier to secure, say brokers

United Trust Bank’s latest broker sentiment poll reveals that 53% of brokers working in the asset finance sector believe it has become easier to secure funding for SMEs over the last year. Some 42% of brokers felt that there had been no change to the availability of funding for SMEs, whilst 5% felt it had become harder to secure the funding SMEs needed. Martin Nixon, head of asset finance at United Trust Bank, commented: “Despite the uncertainty surrounding the effect Brexit might have on UK businesses, there’s still considerable demand from SMEs for asset finance and plenty of appetite to lend from most funders”. 

Business Money