Commercial finance companies are now serious rivals to banks

Alternative finance is Thriving!  That is the verdict of the Organisation for Economic Co-operation and Development (OECD) according to its most recent report.  It says that they have identified an increasing number of SME companies that today are preferring to source much needed funding from responsible commercial finance companies instead of following the more traditional route of the past, which was to rely on the big banks.

Another interesting piece of information revealed in the report is that the OECD has reported that only 6.5 percent of SMEs that use alternative finance methods are found to file for bankruptcy.  The conclusion, you could say, is that the commercial finance companies who offer what is seen to be more accessible business finance solutions, are easier to deal with and pose less threat to a business’s future than do the more rigid, less flexible policies of the banks.

Now as one of the UK’s leading commercial finance companies, at Synergy Commercial Finance we can certainly endorse these findings because we have seen over recent years an ever increasing number of SME businesses who are turning away from traditional banking business finance.

The reason for this migration away from the banks is not difficult to identify.

At Synergy for instance, a majority of our network of independent commercial finance brokers have actually come from successful banking backgrounds where their role was to help business owners obtain the financial support that they were wanting.  Often disillusioned by inflexible corporate policies, they too have recognised the ability of finance companies such as Synergy to source a full range of sound and reliable business funding solutions that cover a wide spectrum of requirements.

Our brokers’ exceptional abilities, plus the unbeatable support that we provide at Synergy, offers tremendous reassurance for our SME clients.  Equally important, however, is the Synergy funding panel. Exclusively available to our network of brokers, and therefore to our clients, this unique lending source now includes over 200 funders – including High Street Banks and specialist market lenders.  It is a whole of market facility that massively outnumbers anything that a bank’s limited in-house lending sources can provide.

Consequently, of all the finance companies it is little wonder that Synergy is able to offer the kind of individually structured commercial finance solutions that deliver the best value for money and an outstanding level of service, support, reassurance and peace of mind for businesses of all sizes.

Is it any wonder that more and more SME businesses are now turning to finance companies such as Synergy?

If you are looking to arrange the best and most cost-effective commercial finance for your business then you really should speak to Synergy to discover how we can help you achieve all your objectives.  You can call us on 01904 481 786. You can also email: or you can send a message using the online form on our Contact page.

AFS Group, Asset Finance Solutions & AFS Compliance
  • Greenbank Court, Challenge Way, Greenbank Business Park, Blackburn, BB1 5QB
  • Tel: 01254 958777
Synergy Commercial Finance
  • Lindum Business Park, York Road, Elvington, York YO41 4XR
  • Tel: 01904 481786