CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Small business demand for alternative finance set to soar
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Small business demand for alternative finance set to soar PDF Print E-mail
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.
Over four in ten small businesses (42%) said they considered using alternative finance in the last five years. The most popular option, considered by a quarter (24%) of respondents, was crowdsourcing finance, including peer-to-peer lending and crowdfunding, followed by cashflow/invoice finance (18%), property finance such as bridging loans and commercial mortgages(8%) and asset finance (6%), which covers areas such as plant and machinery and  business equipment.
On a regional basis, over three-quarters (77%) of small business owners in London predict a rise in demand for alternative finance, the largest portion in the UK. Business owners in Scotland and Wales were equal second with 69%.   SMEs in the West Midlands were the least enthusiastic about alternative finance with just over half (53%) anticipating an increase.
John Jenkins, CEO of Amicus commented: “This research shows that the business finance landscape has changed for good and demand for alternative finance is set to go from strength to strength over the coming years. 
“Small businesses are increasingly turning to specialist lenders who have the skills to understand their specific needs.  Having built a strong business base from our property lending expertise we are broadening our proposition into other areas of lending.  Our relationship-based approach resonates well in specialist lending markets that are poorly served by mainstream lenders.”
Amicus offers short term, property-based lending solutions to private and corporate borrowers which include landlords, developers and owner-occupiers. Earlier this year Amicus announced the acquisition of City-based asset finance specialists Norton Folgate Capital Group Limited and is committing significant capital and resources to build the Norton Folgate business over the next five years.

(Source - Amicus Press Release)

3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards


Tuesday 3 October - Guoman Tower Hotel, Central London

Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.

To book your place to attend, please contact Alison Lucas.


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197