Funding provider MSIF launches new Finance Hub for SMEs

Business finance provider MSIF has launched a new hub for SMEs seeking external funding.

Operating as a separate arm of the business, the MSIF Finance Hub will offer a free, single-access help point with the aim of simplifying the process of securing finance.

MSIF said it made the decision to launch the hub after recognising that while SMEs may require financial support, they may not be ready to pitch to potential funding sources.

The MSIF Finance Hub will work to help businesses by analysing their proposition and developing an individually tailored help package to suit the requirements of each individual enterprise.

According to MSIF, a package could include assessment of an SME’s funding requirements and financial position, an appraisal of its business plan, an explanation of the finance products available to the business and entrepreneur coaching.

MSIF said the support, aimed at SMEs in the Liverpool City Region and surrounding areas, could also see companies directly introduced to the suitable finance providers and business support teams.

Lisa Greenhalgh, chief exec of MSIF, said: “Over the years we’ve come to realise how confusing the finance world can be. Businesses tend to be aware of bank funding, but that is not always available.

“There are alternatives that clients can choose from, but it’s difficult for them to know which product is right for them and their business.”

She continued: “The Finance Hub is a gateway to all of the possible funding products, and offers applicants the support they need throughout the funding process.

“The team will make it simpler for our clients by being a single entry point for the guidance that they need. The overall aim of the MSIF Finance Hub is to give the SME the best chance of success in receiving funding.”

Earlier this year, MSIF announced a deal to back Liverpool-based specialist recruitment agency Talento Limited.

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