What a great morning discussing how to support SME’s from alternative finance solutions people may not know about.
WeDo Trade Finance teamed up with Kingsley Asset Finance to bring together an alternative finance seminar and networking event. We are pleased to report it was a great success and it was great to see so many faces who were there to support their clients.
The first speaker was Gary Lee of Begbies Traynor who began the educational journey by discussing their red flag statistics that show how hard hit many SMEs have been since the pandemic began. Gary gave an overview of how many companies are in some form of distress following the impact of the Covid 19 pandemic.
Our very own Vince Tovey was up next. Vince shone a light of what pressures SMEs are facing and what problems they are coming up against. Trade finance is a lesser-known solution, so Vince discussed a few key points about how it works and the key identifiers for clients that could lead them to look at a trade finance solution.
Co Host Jane Pennington was the third speaker through our journey to support SME’s and she discussed the option of refinancing. This option is particularly aimed at clients that have business vehicles, plant, machinery and equipment.
Our final speaker was Chris Parkhurst from Catax, specialists in tax relief and grant funding solutions. This area of a client’s journey is all about innovation and growth where a client has identified a need within a particular industry where an idea can be developed.
We wanted to look at some of the different stages in a businesses journey where there are alternative finance solutions to support survival, growth and development – and we hopefully achieved this.