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We couldn’t agree more. In a situation where SMEs feel their only option is to go to their bank and yet those banks are not lending, the scales need re-balancing. We welcome the Government’s decision to raise SMEs awareness of what their choices are by mandating
the banks to pass the information on with the borrowers’ consent. This will not only lead to a more competitive finance market, but to a more robust and sustainable recovery.
Market Invoice is interesting. Spot sales finance with investors willing to buy the risk.