The financial world has been dominated by big banks for decades, but the landscape is changing. Public opinion of banks has deteriorated and their processes and technologies have been revealed to be outdated. Meanwhile, new entrants have challenged the assumption that all major financial transactions must go through a bank.
This article explores alternative ways for SMEs to obtain funding, such as, Peer to Peer Lending (Disintermediation), Equity Finance, Managing Working Capital, Invoice Finance (Factoring), Supply Chain Finance and Asset Finance. By using the right finance for their requirements, businesses can keep their costs down, make financial management simpler and grow their businesses.