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Commercial Credit News
|Small business demand for alternative finance set to soar|
|Monday, 01 June 2015|
According to a new study by Amicus Finance Plc (“Amicus”), a leading specialist lender, nearly two thirds (64%) of small business owners expect demand for alternative finance – including forms such as property finance, crowdsourcing, invoice finance and asset finance, to increase over the next two years while just 8% think it will decline.
The findings, which underline the continued decline in support for mainstream lending, show that small firms predict demand for alternative finance will increase by an average of 26% over the next two years. In 2014 the total amount raised through alternative forms of lending was an estimated £1.74 billion, double that of 2013.
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