By Claire West
Business Cash Advance (BCA), the UK’s leading provider of cash to the UK’s SME community, is throwing its weight behind the Get Britain Trading campaign which was recently launched by the Forum of Private Business.
BCA director Richard Morley said:
“This is an excellent initiative and we believe all small businesses should get behind it and give it their support. The little man for too long has been slowly strangled by increasing levels of taxation, regulation and red tape. However it is the lack of access to funding from banks that we believe is by far the largest barrier to consolidation and growth.”
The campaign is calling for changes to address problems such as excessively complex tax laws, increasing levels of regulation and financing issues.
“Microbusinesses need all the help they can get because they appear largely ignored by both Government and financial institutions. We are able to help our clients quickly raise funding so they are able to be in the best possible position to take swift advantage of sales and business opportunities as they present themselves,” adds Morley.
BCA does not stipulate what the finance is used for, does not charge an interest rate and does not impose a time within which the advance must be repaid.
Business Cash Advance last year doubled the number of advances it granted compared to 2009 and 80% of customers return to Business Cash Advance once they have experienced the service. The company works with thousands of small and micro businesses across the UK and is expecting to double again the number of advances it gives in 2011.