Introduction to Alternative Finance for SMEs
For many years the choice of lenders was limited to the large banks. Although, in the last decade, there has been a growth of alternatives finance options for SMEs. Jonny explains short-term business loans, P2P, business cash advances and invoice financing as alternative finance options, and covers the benefits and players of each.
Overview
Many alternatives to traditional bank loans exist in today’s world of modern finance. Different companies might employ a variety of options in order to satisfy their financing needs. Each comes with unique characteristics and often has pros and cons for different breadths of businesses.
Key learning objectives:
Understand the alternatives to traditional financing
Define short-term business loans, P2P, business cash advances and invoice financing
Summary
Expert
Jonny Hawkins
After graduating from Oxford University, Jonny started his career at Beavis Morgan, where he became a chartered accountant. He moved to Liberis, a fintech company, where he became Head of Analytics. In his current role as Head of Data Science, Jonny is responsible for credit default modelling, data strategy and collection of new data sources.
