London-based Finanze Group has launched Finanze Business, a new division that will focus on enabling SMEs of all types and from all sectors to secure and grow their cashflow and emerge from the predicted recession even stronger.
It will do this by offering a number of business-related finance products to SMEs, ranging from secured and unsecured business loans, invoice finance, asset finance, FX, credit facilities, VAT loans and merchant finance.
Finanze Business will also offer tools such as invoice discounting and other types of cash advances to enable companies to improve cashflow at a time when many businesses, from start-ups to more established companies, are struggling.
Alastair Hoyne, Finanze Group CEO, said: “The next 18-24 months are predicted to be tough for businesses of all sizes and in all sectors.
“But times when other businesses batten down the hatches are seen by others as an opportunity to grow.
“Finanze Business is here to help them do exactly that, protecting their cash flow and enabling them to emerge from the long recession that the Bank of England is predicting even stronger.”
Thomas Bolan, head of business finance at Finanze Business, added: “As the country prepares for its longest recession in history, according to the Bank of England, many businesses are still reeling from the impact of the pandemic and the market turmoil brought on by the mini-Budget in October.
“With higher energy costs, supply chain issues, a volatile currency, and prolonged uncertainty in the future of the economy, enterprises are bracing for more corporate distress heading into the next year.
“These are challenging times indeed, and many companies, understandably, see debt as a negative rather than a positive.
“But when used for the right reasons and in the right way, debt can be a useful tool not just to sustain a company, but also to grow it rapidly, especially in times when other businesses are restricting their activity.
“Through it, companies can emerge from recessions stronger, not weaker.”
