16 Aug Launching an alternative lending solution to SMEs in the East Midlands
Recognising a gap in the market, Nexa Finance is dedicated to building brighter financial futures by connecting East Midlands based SME property developers and house builders with funders. The aim is to provide a truly alternative lending model to challenge the often complicated commercial models favoured by traditional banks.
Clients can expect to receive a personal approach to lending and will meet face-to-face with me and my experienced team to discuss their entire lending journey from start to finish.
The ethos of NEXA is to bypass complicated and unnecessary processes that sit within traditional banks, and personally, I want to be able to communicate with potential investors in an honest and straightforward way. There is a huge amount of potential property development here in the East Midlands and I look forward to bringing NEXA Finance to the community.
The alternative lending finance sector is seeing continuous growth, with a recent report from the Cambridge Centre for Alternative Finance showing that the UK industry grew by over a third in 2017 to £6.2 billion, with 68% of this being business funding.
In the same year, almost 30,000 companies used non-traditional funding channels, with peer-to-peer lending and equity-based crowdfunding now being seen as established investment vehicles for early-stage or developing companies seeking capital. The ease and simplicity of access to funding is making alternative lending an increasingly attractive option for company owners who want the opportunity to grow their business further.