Suppliers looking to alternative finance at time of ‘huge risk’

Banks are lagging behind, Pinn explained, and businesses are struggling on the requirement of growth on the way up. Companies are looking at alternative finance solutions to make sure they meet their demands. He said there has been “an advent of alternative finance solutions” to help companies, including online auction environments and invoice marketplaces. “Corporate peer-to-peer lending has started to develop to provide the quantum of capital required to support your business and suppliers business,” he said. “Funds are being launched where investors can invest in corporate supply chains.”

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