MP Caroline Dinenage has welcomed a new source of funding for Gosport's SMEs.
The local MP has hailed the launch of the Small Business Finance Directory as great news for local businesses. The Directory, which was launched by Treasury Minister Lord Sassoon, provides small and medium companies with alternatives to conventional bank loans or overdrafts.
Speaking after the launch, Caroline said:
"The new Small Business Finance Directory will be a great help to small local businesses in these tough economic times. It'll make the alternatives to bank loans easily accessible to companies in Gosport so that they are able to promote jobs and growth in our area."
The Directory covers leasing and hire purchase, commercial mortgages, asset-based finance and invoice discounting and factoring, and allows businesses to search finance providers and brokers by postcode. There are nearly 1,000 sources of finance listed and the directory is simple and free to use. It is available at http://www.smallbusinessfinancedirectory.co.uk/.