More businesses are looking beyond their banks to find the finance they need.
Figures released earlier this week show that lending from non-bank institutions including, peer-to-peer lenders, commercial finance brokers and asset-based lenders is increasing while traditional bank lending displays continued decline. It has shrunk by around 25% since 2011. Funding for SMEs via leasing and asset finance has more than doubled in the same period with £17.4bn…
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