Why host a breakfast briefing on debt finance?
Whilst arguably the rate of evolution in sources of debt finance has slowed in recent years, following an explosion in the wake of the ‘financial crisis’ post 2008/09, a Google of ‘sources of debt finance for SMEs’ indicates under the apparently benign surface waters, there are some rip currents to negotiate:
|My reading of news item||News piece|
|Lots of debt finance options||“How finance directors can grow their business by getting the right funding” – “Faced with an array of alternatives from peer-to-peer lenders to high street banks and specialist debt funds, it can be difficult to know where to begin.”|
(Director of Finance – 25 July 2019)
|Uncertainty ahead – knowledge of finance options essential||“Business borrowing soars in June” – “However, some lenders have warned that the credit market is likely to contract in the coming months as the chances of a no-deal Brexit increase”|
(Peer2Peer Finance News – 29 July 2019)
|Borrowers should be wary of PGs (increasing prominence in alternative lending?)||“What every SME should know about personal guarantees” – “Start-ups and SMEs looking for sources of funding need to think carefully before signing personal guarantees, according to a leading corporate lawyer.”|
(Bdaily News – 30 July 2019)
|Accountants are increasingly ‘go to’ people for information on range of funding options and to get ‘investment ready’||“How accountants are helping SMEs secure funding” – “In addition to their advice and origination, accountants also help SMEs to develop the business plans and financial forecasts that make the case for funding.”|
(Financial Director – 18 July 2019)
In addition, as previously blogged, Fintech and AI is also a hot topic in connection with SME finance; both in terms of delivery and accessing the market.
Our Exeter breakfast briefing – 16 August 2019
On 16 August 2019, I will be hosting our first breakfast briefing in our Exeter office. The breakfast briefings in our Truro office are regularly attended by 15 to 20 people with positive feedback received.
At the Exeter breakfast briefing presentations we will cover the understanding and accessing the debt finance market as an SME and will touch on some of the news items above.
I will also be joined on 16 August by Capitalise and SWIG Finance. We have blogged on both of these this year and should mention that since then, Capitalise have been listed in the UK’s Startups 100 – congratulations to them.
The event is designed to fit in with the working day with the event closing by 10am including time set aside for networking and questions. In you’re an SME based in the Exeter area interested in debt finance (now or in the future) we hope you can join us.
For more details or to book a place please go to Exeter Breakfast Briefing – August 2019