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