The Business Exchange Bath & Somerset Issue 10: Winter 2018/19 | Page 13

Finance Providers: The prerequisite that most SMEs can’t survive without With over five million SMEs in the UK, they represent the engine room fuelling the UK economy. Despite macroeconomic uncertainties such as Brexit, these types of businesses must strive to maintain their cash flow cycle in order to thrive, broaden their scope, and grow. C M Y CM MY CY CMY Flexible finance for SMEs From business loans, asset finance, invoice finance and vehicle leasing, we offer a range of products designed to help your business succeed. as we fulfil unmet needs for finance for SMEs, including both organic growth and opportunities for selective mergers and acquisitions.” “Only six per cent of SMEs receive funding from their mainstream bank” @OnepmFinance £ £ Outside of overdrafts, however, our company’s planned growth invoice finance, and business only six per cent of SMEs receive projection. Currently, there appear loans. This multi-product offering funding from their mainstream to be no general increases in is resonating with customers, bank. Consequently, most impairments across SMEs, which which is something we’re hearing SMEs come to specialist finance makes sense, as there are so more now than ever before, as companies like 1pm plc, which help facilitate the set-up and “To help SMEs, we’ve successfully assembled a growth of companies up and down the country. product range covering all the main finance products 1pm plc is a well-diversified and they need” risk-mitigated alternative finance provider with multiple introducer channels, providing a full range many sectors at the moment in business owners seek varied ways of finance products that UK SMEs ‘rude health’. of accessing finance. rely on to thrive. “To help SMEs, we’ve “The challenge now is to Ian Smith, CEO of 1pm plc, said: successfully assembled a product maintain and extend the deep “We’re seeing a steady demand range covering all the main finance understanding that the business in the need for alternative finance products they need – this includes has of SME needs. The strategy Half Page_TBEv3.pdf 16:50:25 products, which is in line with 5 10/08/2018 asset finance, vehicle finance, for 2019 is to continue to expand Ian Smith CEO, 1pm plc K Contact us today: 01225 474230 www.1pm.co.uk Asset Finance / Unsecured loans / Invoice Finance Bridging & Buy-to-let Mortgages / Secured loans Vehicle Finance / Equipment Finance THE BUSINESS EXCHANGE 2018 13