The chancellor delivered his Autumn Statement on Thursday 17th November, the key points of which can be read here.
Reflecting on the statement, Bathgate Business Finance MD, Gordon Andrews, said: “Times are tough right now and today’s budget has undoubtedly placed more pressure on already squeezed SMEs.
“Economic instability equals uncertainty and traditional business finance routes are increasingly more difficult to access at speed. Banks in particular are having to be more cautious in their lending.
“However, it isn’t all doom and gloom and there is support out there. The alternative finance providers that the Bathgate Business Finance team works with are becoming ever more nimble and creative in this challenging environment.
“Right now, irrespective of sector or business size, cash flow is king and finding the right advisor, who will work with you to understand your specific needs and circumstances, will be able to help you find the best solution as quickly as possible.”
If you need business finance advice from an team with cross-sector experience and an extensive network of experienced funders, call 0151 625 7323 or email email@example.com