Platform Black provide finance to Britain’s SMEs
Barely a year after launching, Basepoint Winchester licensee Platform Black is advancing £1 million a week to Britain’s SMEs.
Louise Beaumont, co-founder of Platform Black, the alternative finance provider, commented: “From a standing start to advancing £1 million a week to British businesses – all in barely a year – Platform Black has seen explosive growth.
“The banks will still play a major role, but many businesses have discovered that there are alternative and complementary sources of finance available.
“And, of all the alternative forms of finance that have sprung up to help these businesses, invoice trading is the simplest and most economic way for them to gain access to the funds that would otherwise be tied up in unpaid invoices.
“As the right solution at the right time, invoice trading has truly come of age. Platform Black’s extraordinary growth in its first year shows how the future of SME lending will be much more diverse. The banks will still play a major role, but their monopoly on lending is gone. Many businesses have discovered that there are cheaper and more flexible sources of finance.”
For further information visit www.platformblack.com