May 9th, 2017.
KPMG’s Enterprise Financing will complement the firm’s debt advisory expertise and will support SMEs looking to raise new debt finance or refinance between £2 million and £10 million.Recent research from the British Business Bank indicates that total lending to SMEs over 2016 stood at £110 billion and within that, use of structured loans increased by £1.5 billion net over the course of the year. The data suggests that banks currently approve approximately eight in every ten applications for finance, and through the referral scheme, the hope is that the 20 per cent of businesses who don’t make the cut are passed on to alternative financiers.
For the full story at growthbusiness.co.uk CLICK HERE.