Category Archives: Business loan

SME turn to Non Bank Alternative Lending sources

 

 

“An increase in alternative lending sources has given small and medium-sized businesses choices to fund their business growth particularly when they don’t fit the banks’ lending criteria! “

The number of small businesses choosing to borrow money from the non-bank sector has doubled over the past three years, according to new research from debtor finance firm Scottish Pacific Business Finance. When asked how the businesses were planning on funding growth over the coming six months, 21.7% of SMEs said they would look to the non-banks. As a non-bank, Scottish Pacific has relied on brokers to get its lending out there in the public for the past thirty years, he said.

Image courtesy of brokernews.com.au

Finance Broker

Finance Broker Yes, they’re business finance experts. You want to buy a business or expand one. You need new business premises and equipment or more working capital. You know business finance is the answer but you’re confused by the range of lenders and products. Time to talk to an MFAA member. An MFAA member canContinue Reading

Where Can I Get Business Loan For A Small Business?

Where Can I Get Business Loan For A Small Business? Many people in Australia dream of running their own small business but four out of five never do it. If you’ve got a good idea, develop a business plan, then talk to an MFAA Member about your small business finance options. Your small business financeContinue Reading