Bibby Financial Services Launches New Flexidraft Funding Solution
(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwire) -- 08/29/12 -- Leading independent funding provider have launched their new Flexidraft funding solution due to recognising the need for more sustainable streams of finance for small and medium sized enterprises in the UK.
The service will represent a viable alternative to the bank overdraft, providing businesses with quick access to the cash they need for the day to day running of the business, as well as essential funds to grow and develop.
Bibby Financial Services new product director, Andrew Dixon commented: "Small and medium-sized businesses need more and faster support from traditional and alternative lenders. The Government's newly launched 'Funding for Lending Scheme' will hopefully lead to an increase in bank lending to small businesses, but ultimately it still fails to address the issue that SMEs have become too reliant on the banks.
"New and innovative solutions such as Flexidraft will be vital to ease the pressure on the banks and traditional lending methods.
"In being an independent funding provider we are able to deliver flexible solutions such as Flexidraft, which make a significant difference to small and medium-sized businesses which have been overlooked."
Bibby Financial Services are already providing non-traditional forms of lending to SMEs, such as and invoice discounting and have now developed their portfolio of lending solutions to include Flexidraft.
How it works
Bibby Financial Services will set up a trust account in the name of the SME, with sales going through to this account. When the business needs the money, this can be transferred from the trust account into their business bank account as and when required.
Benefits of Flexidraft
The advantages of using this form of lending include:
Notes to editors
Contacts:
Press Contact:
0117 973 1173
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Datum: 29.08.2012 - 09:07 Uhr
Sprache: Deutsch
News-ID 1146452
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contact information:
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LONDON, UNITED KINGDOM
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Kategorie:
Personal Finance
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