Whilst temperatures continued to rise in July ’18, Regency too saw a rise in the level of SME funding

Regency Factors PLC records another successful month for SME funding

 

Independent financier provides over £7m of invoice finance and trade finance to the UK SME market in July 2018.

Independent alternative finance provider, Regency Factors PLC, recorded another successful month in July as it continues to support the UK SME community.

Funding provided included Factoring, in addition to specialist products, such as Trade Finance, Export Finance and Recruitment Finance.

Regency has seen an increase in funding agreements for businesses of all sizes in a broad spectrum of industry sectors.  This is an upward trend as, according to UK Finance, asset based financing reached £23.4bn at the end of 2017, up five per cent on funds advanced at the end of the previous year.

Our figures come as confidence among UK SMEs has rebounded to 2015 levels, according to the latest SME Confidence Tracker completed by our compatriots Bibby Financial Services.  According to the latest data, the number of businesses expecting sales to increase between April and June jumped by 13 per cent, with half (50%) expecting to see an increase, when compared with expectations for the first three months of the year.

Please do not hesitate to contact us on 0161 280 4220 or lynnew@regencyfactors.com to discuss your funding needs.

 

Global business concept.

Global business concept.