Godi Financial, a leading Wales-based foreign exchange (FX) company, has shown its continued dedication to helping small and medium sized enterprises (SMEs) thrive through forming a partnership with Alternative Business Funding (ABF) – an organisation that provides commercial lending solutions for SMEs.
SMEs are considered vital to ensuring economic growth. With the current uncertainty surrounding Brexit being a prevalent concern for businesses in the UK, the growth of these enterprises and the job creation they can bring is therefore of utmost importance for the economy.
It has been well reported that SMEs have struggled to secure access to finance from high street banks since the 2008 financial crisis. Yet according to the House of Commons’ Access to Funding Report, a key issue for SMEs is that they are not aware of the finance options available to them, and they often don’t understand which options are most appropriate for their needs.
Through its partnership with ABF, Godi Financial – formerly OSTC FX – aims to change this through offering a simple and effective Funder Finder tool that allows SMEs to search and secure funding through a safe, fair and free system.
Business owners and finance directors simply enter their funding requirements into the online search platform, which then matches them with relevant finance providers that can most effectively meet their needs. Business loans of all types are available via the platform, such as asset finance, export finance, trade finance, invoice finance and cash flow loans.
The Funder Finder provides many benefits to SMEs seeking a hassle-free finance solution. The simplicity of the tool means it is convenient for time-constrained business owners; it provides access to over 120 providers and products with business loans available from £500 to £50 million; and leaves a soft footprint with no effect on personal or business credit ratings when using the platform.
This new initiative further extends the support Godi provides to SMEs, demonstrating its commitment to educating and helping businesses to achieve growth. Godi’s partnership with ABF to offer the Funder Finder tool, which also provides guidance to SMEs in terms how much funding, or what type of funding is needed, is therefore well aligned.
Paul Langley, managing director of Godi Financial, commented on the new partnership: