The latest data released by the Bank of England showed an increase of £3.4bn in net lending to businesses in May.
This compares very favourably to the recent trends – the past six months have seen an average monthly fall of £2.2bn.
However, increasing lending appetite from mainstream lenders remains largely focused on bigger companies – the mid-market saw lending volumes decline by £200m in May.
For companies in the mid-market looking to raise finance, the banks are only one of the possible sources of lending, and it is worth considering other options some of which may be cheaper and more forthcoming. These include:
- credit funds;
- asset based lending;
- hedge funds; and
- private equity.
Our Debt Advisory team can identify the most appropriate sources of debt finance for your business, and help you negotiate the best possible terms from a lender – as we have recently done for many companies, including IGLU and Enterprise Finance.