Chirag Shah, CEO Nucleus Commercial Finance on BBB Small Business Finance Markets Report

In light of today’s report from The British Business Bank which indicates a further decrease in lending to small businesses, Nucleus Commercial Finance, CEO, Chirag Shah comments: “These figures clearly demonstrate the extent of apprehension that Brexit has created amongst entrepreneurs in the UK. Business leaders are looking to further hedge their risks through stockpiling cash, rather than accessing bank funding to invest in business growth. Despite this, there is continued growth in the use of alternative funding, with businesses recognising what different financial products can do for their business. We urge business owners to assess all the options available to them and not stop looking for a solution, if working with their bank doesn’t give them what they need. There are options available that can help businesses bridge these uncertain times and ready their business for future success.”