The challenges brought by Brexit may be catalyst for seeking new funding arrangements, says John Onslow, CEO of asset-based-lender Independent Growth Finance (IGF).
Brexit has dominated the political and business headlines for more than two years. Yet still thousands of UK business owners across the country remain unclear on what the impact on their business will be.
Regardless of the uncertainty ahead, SMEs are not letting it affect their growth aspirations. In uncertainty lies opportunity, but it will need quick, flexible funding if SMEs are to take advantage before the moment is gone.
Flexible funding key to double digit growth for SMEs
As we make our way towards March 29 and beyond, banks are likely to become more cautious and decisions are likely to take longer. In an environment where the inability to forecast is among the top Brexit challenges, these delays could cause catastrophic damage to businesses.
