Breedon Report-No Silver Bullet
It's Up to Funders to Get The Message Out
(firmenpresse) - BIRMINGHAM, WEST MIDLANDS -- (Marketwire) -- 04/16/12 -- Editors Note: There is a photo associated with this press release.
The Interface Financial Group (IFG), North America's largest alternative funding source for small businesses, announced that the company offers support to small businesses that are struggling with raising capital to fund growth prior to economic recovery. IFG provides short-term financial resources including , , and to companies in the UK, Ireland, United States, Canada, Australia, New Zealand, and Singapore.
The Breedon Report on Alternative Finance published recently shows that the availability of finance could be constrained as the British economy recovers, leading to a potential credit gap of up to GBP 191 billion over the next five years. The report also points out that while bank lending dominates the market, there is significant potential to develop both the demand and supply of non-bank finance to match the trend that occurred in the USA where banks account for significantly less of total funding to SMEs.
Specific policy proposals submitted to Vince Cable through this report identifies greater use of , ( or ) and supply chain finance to allow SMEs to unlock cash efficiently from outstanding payments.
There is a clear role for Government in helping to educate business owners that there are now emerging alternatives right across the financing spectrum. The report argues a compelling case for the need to help our small and medium-sized businesses to access non-bank finance.
Paul Barnsley, chief operating officer for The Interface Financial Group (IFG) said "The biggest barrier for small business owners embracing alternatives is simply awareness, and it's up to funders like us to ensure that Businesses know about the existence and options of alternative finance solutions like and . It surprises me that certain businesses, like those in the construction industry don't think they qualify for , but they do. I admit that the options are more limited but here at the Interface Financial Group we cater for them with our specific product".
I agree that there is no silver bullet to solve the SME liquidity crunch, but the report is useful in identifying models such as and supply chain finance as well as suggesting specialist help be made easier to find for business owners. But at the end of the day it's up to us as funders of solutions to stand up and be counted & work with Government to get the message across.
The report on future business champions said that, to achieve an extra GBP 20 billion in growth potential by 2020, medium-sized firms must have access to new kinds of finance. This report confirms the scale of the challenge, and sets out practical steps needed to help these companies grow and create jobs.
About The Interface Financial Group ()
The Interface Financial Group (IFG) provides short-term financial resources including (invoice discounting). IFG launched the UK operation in 2010 following the success of its New Zealand, and Australia businesses which launched in 2004, and 2006. IFG's innovative products also includes spot factoring - the purchase of a single invoice or number of invoices. IFG does not require the whole debtor book.
The IFG Network is the funding arm of The Interface Financial Group providing capital and transactional support to IFG's international office network. IFG has grown to over (150) international offices in the UK, the United States, Canada, Ireland, Australia, New Zealand, and Singapore. Each IFG office is managed on a local level, providing immediate service to clients with local knowledge and experience. This makes IFG unique to all other Factoring Companies in the UK. The IFG team has substantial business experience and expertise in numerous diverse areas, including accounting, finance, law, marketing, banking, etc.
To view the photo associated with this press release, please visit the following link: .
Contacts:
Media Contact:
The Interface Financial Group
David Pearce, Director
0845 834 0332
Headquarters:
The Interface Financial Group
31 The Old Wood Yard
Hall Drive, Hagley
Worcestershire
DY9 9LQ
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Datum: 16.04.2012 - 15:30 Uhr
Sprache: Deutsch
News-ID 135353
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BIRMINGHAM, WEST MIDLANDS
Kategorie:
Insurance
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"Breedon Report-No Silver Bullet"
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