Liquid Finance becomes a Patron of the NACFB Boosting accessibility of alternative cash advance funding for UK businesses seeking growth London, 27th January 2015 – Liquid Finance, a leading UK provider of fast, flexible & accessible funding for people who want to grow their business, today announced that it has become a ‘Patron’ of the National Association of Commercial Finance Brokers (NACFB).
Alternative Funding virtually unheard of before 2007 but then Lehman Bros fell over and the world changed. But small British businesses kept on trading, kept on cutting hair, servicing cars, selling beer and wine and doggedly kept their retail premises open. From late 2008 and well into 2010 the crowd funding & peer-to-peer lending industry started. New banks opened their doors to the SME sector. Specialist Invoice discounters appeared and cash advance was created. The alternative funders had arrived.
Market research indicates that since the Brexit vote UK tourism is likely to benefit. In response to the hospitality sector’s continued growth, Lolly, the Point of Sale (PoS) specialist, has launched merchant cash advance – helping to support its customers to increase capacity and to meet demand. Merchant cash advances, repaid as a pre-agreed percentage of future sales, are becoming increasingly popular due to their flexible nature and the fact that the repayment plan accounts for seasonal income variations. It provides businesses, that take credit and debit card payments, with a low risk cash advance. This financing has a much lower impact on their cash flow because repayment is based on their day-to-day trading levels.
Liquid Finance Partnership Ltd (LFPL), a leader in the Merchant Cash Advance sector of the fast growing Alternative Funding market, today announced the establishment of a line of credit with Shawbrook Asset Finance, a division of Shawbrook Bank. The move will enable LFPL to significantly increase its ability to fund the growth of more small businesses across the UK through its Merchant Cash Advance product.