Small and medium-sized enterprises (SMEs) struggling to secure finance from traditional banks are invited to a crucial webinar on alternative funding options. Hosted by BCRS Business Loans and Responsible Finance, the session, titled “Financing Your Business When Banks Can’t Help,” is scheduled for Tuesday, October 1, from 1:00 PM to 2:15 PM, as part of the British Business Bank’s Business Finance Week.
This webinar is designed for small business owners, managing directors, finance directors, accountants, lawyers, business support professionals, and brokers interested in understanding the role of community development finance institutions (CDFIs). The session aims to illuminate how CDFIs can provide essential support when conventional lending sources fall short.
Stephen Deakin, Chief Executive of BCRS Business Loans, will open the event with an overview of the significant role CDFIs play in the finance sector. Sean Hutchinson, Senior Product Manager at the British Business Bank, will address the challenges SMEs face and explain how CDFIs can offer solutions.
Theodora Hadjimichael, Chief Executive of Responsible Finance, will provide a detailed explanation of what CDFIs are and how businesses can locate their local CDFI. A panel discussion featuring representatives from various CDFIs and SMEs who have successfully utilized CDFI funding will follow, offering practical insights and real-world experiences.
The event will conclude with a Q&A session, giving attendees the chance to engage directly with industry experts and seek answers to their specific questions.
Stephen Deakin remarked, “We are excited to partner with Responsible Finance for this webinar. It presents a valuable opportunity for smaller businesses to explore alternative finance options, understand the role of CDFIs, and determine how these institutions can help achieve their business goals. Learning about these options and preparing to apply for them simplifies the process of finding and securing the right financial support.”
BCRS Business Loans offers funding to businesses across the West Midlands, providing loans ranging from £10,000 to £250,000 to support growth and recovery efforts. Responsible Finance, as the national membership body for responsible finance providers, seeks to enhance the UK’s financial system by expanding the community development finance sector.
Business Finance Week, hosted by the British Business Bank, runs until October 3 and features a range of free nationwide and regional events, including webinars, designed to help businesses discover and access suitable financial support.
Related Topics:
Support for Sustainable Business Practices Coming to Kingston
Business Secretary Endorses Flexible Working as Productivity Booster
Essex Launches Ambitious Business Summit to Foster Innovation and Growth
