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In the wake of the global financial crisis, SMEs have found it increasingly difficult to access finance, with increasingly risk-averse banks struggling to balance their books. Banks simply aren't able to lend to SMEs to the extent that we need them to. At the same time, a recessionary economy has seen large corporations insisting on extending the payment terms they offer their suppliers. The result is that SMEs end up waiting longer than ever for payment.
To date we have advanced over £35 million to over 140 UK SMEs. We currently advance around £4 million every month.