DAVENHAM ASSET FINANCE
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7th October 2015
Mind the (Funding) Gap

The funding gap for UK SME’s when it comes to alternative finance is unmistakable, but why is this? Over the past year, there has been a fall of £7.9 billion in lending to SME’s, with 38% of small businesses believing that insufficient access to funding is affecting their ability to grow. If this is the case, why is there such a lack of knowledge when it comes to alternative funding?

There could be a number of reasons as to why small businesses are struggling to find the funding that they require, with some arguing that small loans lack incentive, as lending smaller sums of money requires the same amount of work as lending larger sums, but for less return, therefore having a much lower level of incentive for larger lenders. 

An interesting (and perhaps a little frustrating) fact, shows that larger businesses are much more aware and open to alternative finance in comparison to smaller SME’s. However, latest figures show alternative funding going from strength to strength with more small businesses turning their backs on traditional funding, so awareness is growing, but we still have a long way to go yet. 
​
Ultimately, the key for both traditional and alternative funders is to ensure that catering to a small business’s specific needs should be at the forefront of what they do – something we prioritise here at Davenham. If you would like to discuss your business options through asset finance and asset refinance, please get in touch with a member of our friendly and professional team who would be more than happy to help you gain a deeper understanding of alternative finance, and bridge that gap. ​
ASSETS FINANCED
• Construction Plant & Machinery
• Engineering Equipment
• Printing Machinery
• Manufacturing Machinery
• Agricultural Machinery
• Private Vehicles 
• Haulage Vehicles
• Bus & Coaches
TYPES OF FINANCE OFFERED
• Finance Lease
• Hire Purchase/Lease Purchase
• Refinance of existing assets
• Turnaround finance
• Short Term Funding
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Part of the Davenham Group  including  www.davenhamtradefinance.co.uk
Registered Office 55 King Street, Manchester M2 4LQ.
​Company Number 08356079
Davenham Asset Finance is not authorised by the FCA to conduct regulated business and thus can only provide asset finance and asset refinance solutions to non-regulated businesses.
Careers  |  Privacy Policy | Cookies Policy | Terms & Conditions
Website designed by The VIVIDesigner
  • WHAT IS ASSET FINANCE
    • Case Studies
    • Testimonials
  • MEET THE TEAM
    • Careers
  • ASSET FINANCE SERVICES
    • Asset Refinance
    • Vehicle Finance & Refinance
    • Construction Finance / Plant & Machinery Finance
    • Machinery & Equipment Finance
    • Agricultural Finance
    • Printing Equipment Finance
    • Machine Tool Finance
    • Recycling & Renewables Finance & Lending
    • Finance Lease
    • Hire Purchase / Lease Purchase
    • Short Term Finance
    • Turnaround Finance
  • BROKERS
  • NEWS
  • CONTACT
  • MORE
    • Treating Customers Fairly
    • Home
Assets Financed
• Construction Plant & Machinery
• Engineering Equipment
• Printing Machinery
• Manufacturing Machinery
• Agricultural Machinery
• Private Vehicles 
• Haulage Vehicles
• Bus & Coaches
Types of Finance Offered
• Finance Lease
• Hire Purchase/Lease Purchase
• Refinance of existing assets
• Turnaround finance
• Short Term Funding
Part of the Davenham Group  including  www.davenhamtradefinance.co.uk
Registered Office 55 King Street, Manchester M2 4LQ. Company Number 08356079
Davenham Asset Finance is not authorised by the FCA to conduct regulated business and thus can only provide asset finance and asset refinance solutions to non-regulated businesses.
Careers  | Sitemap | Cookies Policy | Terms & Conditions

Website designed by The VIVIDesigner