Total finance
11 December 2020
Snorkel reports keen interest in its recently introduced Total Business Liquidity Programme designed to help companies gain access to a range of funding options for a variety of business purposes in these challenging times.
Its Snorkel Finance arm has broadened its funding panel to include all types of business finance, not limited to just asset-based funding. The business says that, with access to more than 300 specialist providers, customers can spread their risk by not relying on a single funding source, and have access to an extensive range of financing products from both existing funders and new finance providers in the Fintech (financial technology) sector.
Providing an alternative to high street banks and lenders, available products include cash flow finance, commercial property finance, funding for new start-up businesses, general equipment finance, working capital finance, growth finance, impaired credit loans, alternative finance, and business purchase.
“We realised there could be pressure on companies with regard to cash resources because of Covid-19, so we came up with a programme of 360 degree finance that is not just for asset finance," Snorkel UK managing director Andrew Fishburn told me.
Applicants do not have to be Snorkel customers and the finance team has access to a variety of financial sources, guiding people through the selection process.
