Ignition Credit

Business & Personal Asset Finance for the South West & Wales

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Finance Brokers vital for recovery

11th September 2020 By Katy Baker

Research from Aldermore Bank reveals that finance brokers will have a vital role to play in helping SMEs recover from the impact of Covid-19. SMEs are expected to borrow billions in order to support their businesses through the crisis, with many business owners turning to finance brokers to help them access the right funding.

 The research found that:

  • SMEs expect to borrow £48.3bn to help their business recover following Covid-19.
  • SMEs accessing finance through a broker are more likely to use a diverse range of funding options for their business, such as Asset Finance or Invoice Finance.
  • SMEs who use a broker feel well-supported with access to a more tailored process.

Tim Boag, group managing director, Business Finance at Aldermore, comments: 

“Brokers are often the unsung heroes when it comes to SME finance. In the months ahead, they will be needed more than ever to help businesses secure the funding they need.

“Many SME owners are still relying on personal loans which can often be expensive and unsuitable. Understanding more about the finance options available means small businesses will be able to make more informed decisions about how to survive in the challenging months ahead.”

Filed Under: News

Can we help?

If you require assistance or further information call one of our finance experts on 01872 272900 or 0330 010 4282.

You can also request a quote online, or use our simple vehicle finance calculator.

Finance Products & Services

  • Asset Refinance
  • Finance Lease
  • Hire Agreement
  • Structured Payments
  • PCP (Personal Contract Purchase)
  • Hire/Lease Purchase
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Our Products & Services

  • Asset Refinance
  • Finance Lease
  • Hire Agreement
  • Structured Payments
  • PCP (Personal Contract Purchase)
  • Hire/Lease Purchase
  • Contract Hire
  • VAT Deferrals
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  • Loan and Chattel Mortgage

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What We Finance

  • Car Finance
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  • Refurbishment & Fit-Out Finance
  • Refresh, Refurb and Renovate with Ignition

About Ignition Credit

Registered Office
Sterling House,
Green Court,
Truro Business Park,
Threemilestone,
Cornwall,
TR4 9LF

Phone
01872 272900
0330 010 4282

Email
Sales Enquiries: [email protected]

Office Hours
Monday-Friday: 9:00AM-5:00PM

Cornwall Chamber of Commerce

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Copyright © 2025 Ignition Credit. All Rights Reserved
E&OE Company Registration Number: 4315993 | VAT Registration Number: 864 5933 85
Registered Office: Sterling House, Green Court, Truro Business Park, Threemilestone, Truro, Cornwall, TR4 9LF

IGNITION CREDIT PLC is Authorised and regulated by the Financial Conduct Authority FRN 679018
IGNITION CREDIT PLC IS AN AUTHORISED CREDIT BROKER AND LENDER I Ignition work with a panel of lenders

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