The Chancellor has just announced a new ‘National Loan Guarantee Scheme’ to support lending to businesses – yet why is there so little enthusiasm in response to it?

The Treasury confirms this with these comments “the scheme might not increase the overall amount that banks lend to British Companies”. Businesses may see it as boost at a time when funding issues are a sensitive issue but the feeling is it's just another tape ridden scheme to ‘help’ businesses survive in this tough economic climate.

Our commercial finance specialists say - "No doubt it will be another scheme to join the tsunami of failed initiatives. Just ask yourself, what happened to the Enterprise Finance Guarantee Scheme – why is there such a slow uptake? What happened to the Enterprise Capital Funds? Local Enterprise Partnerships? The list is endless and it all seems to be entangled in red tape."

There are clearly incentives there but businesses are likely to struggle with the time to manage their applications for such finance. There is the copious amount of administration, time and extra costs businesses are unable to alocate to such projects. 

This is where our commercial finance parthers can help your business. We can apply for business finance on their behalf leaving them to manage and grow their business. After a free initial meeting with no obligation they will know the right way to access your clients finance whether it is direct through our strong panel of lenders or through a finance scheme thus overcoming the hurdles on your clients behalf. 

Contact us me and find out what we can do for you – there are no costs and no obligation to find out more!

http://www.moneysolutionsuk.com/commercialfinance.html