Up to 65 percent of corporate financial advisers have stated
that the “banks are not lending”, a recent poll reveals.

The survey, commissioned by Centric Commercial Finance, also
found that 72 percent of accountants and finance brokers view cash
flow as their clients’ biggest challenge.

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“The market needs certainty and innovation right now,” said Tim
Hawkins of Centric Commercial Finance. “Advisers are looking to the
independent asset based lending and invoice discounting sectors for
liquidity, which is so notably lacking from elsewhere.”

Indeed, described by advisers as a “core funding solution”, 80
percent of respondents stated that asset based lending and invoice
discounting offer “improved working capital”, followed by “higher
levels of finance” over and above traditional sources.

Furthermore, financial advisers are optimistic about 2010, with
65 percent of advisers expecting to see “significant increases” in
transactional activity within the next six to 18 months.

Jason T Hesse 

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