Paul Langley, managing director of Godi Financial.
Godi Financial, the Wales-based foreign exchange (FX) company, is forming a partnership with Alternative Business Funding (ABF).
It has been well reported that SMEs have struggled to secure access to finance from high street banks since the 2008 financial crisis.
But according to the House of Commons’ Access to Funding Report, a key issue for SMEs is that they are not aware of the finance options available to them - and they often don’t understand which options are most appropriate for their needs.
Through its partnership with ABF, Godi Financial aims to change this by offering a simple and effective funder finder tool that allows SMEs to search and secure funding through a safe, fair and free system.
Individuals simply enter their funding requirements into the online search platform and they will be matched with relevant finance providers that can most effectively meet their needs.
Paul Langley, managing director of Godi Financial, said of the new partnership: “We are really pleased to be partnering with ABF to offer this valuable marketplace specifically designed for SMEs to access business finance.
“Seeking finance is often a long-winded and complex process. Many SMEs aren’t even aware of what finance options are available to them, and are often unsure of what option is best for their needs.
“The funder finder resolves this by providing a simple and user-friendly solution for SMEs. It helps those that have been turned away by the banks to secure alternative funding so they can achieve their business goals.
“There’s also a specialist team that can offer support and guidance so business owners are better educated and confident with the funding options the platform presents to them.”
Business loans of all types are available via the platform, such as asset finance, export finance, trade finance, invoice finance and cash flow loans.
It currently provides access to over 120 providers and products with business loans available from £500 to £50 million; and leaves a soft footprint with no effect on personal or business credit ratings when using the platform.
Adam Tavener, founder of Alternative Business Funding, said: “We are confident that partnering with Godi Financial will strengthen our commitment to make it easier for SMEs to find the right finance for their business.
“A growing number of SMEs are now automatically turning to alternative funding platforms and through Godi, and our unique Funder Finder search engine, UK business owners will have access to more than 100 products and as wide of choice of funding as possible.
“This partnership will help to deliver a free, safe and easy way for those SMEs unable to grow because they didn’t have the right access to finance the opportunity to flourish.”
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement