The alternative financial services firm has helped bolster significant market growth for 2017.
Sancus Finance, a subsidiary of Sancus BMS Group, has surpassed £200m in provision of Supply Chain Finance, along with other working capital solutions, to SMEs and entrepreneurs.
The news comes as the firm has begun a programme of ongoing improvements supported by feedback from clients and funders, including a review of its suite of services to make sure it is meeting the needs of SMEs.
Sancus says its achievement endorses recent figures from the UK’s alternative finance market which showed growth of 43 per cent year-on-year in 2016, going from £3.2bn to £4.6bn.
Over the last for years, the Sancus BMS Group as a whole has provided more than £700m of funding to SMEs and entrepreneurs. Sancus Finance recently expanded its offering to include property finance for bridging and development projects, after the addition of FCA-authorised Sancus Funding to the group.
Dan Walker, managing director commented: “The growth in the alternative finance market is also reflected in the upward trend in enquiries we have had from SMEs for alternative funding solutions.”
“We need to encourage SMEs to invest in their growth through the provision of fast, easy and transparent funding solutions which will increase their confidence in an increasingly uncertain economy. Sancus and its funders are committed to supporting these businesses by injecting funds into the real economy.”