JCB Finance pledges its support to SMEs

JCB Finance is launching a campaign to provide additional support for SMEs in the industrial sector when taking out external funding.

The campaign comes after new research commissioned by JCB Finance revealed that more than a quarter of respondents who had bank loans or overdrafts did not believe they had the potential risks to personal assets explained to them when borrowing from the banks.

JCB Finance has therefore pledged to help SMEs access more secure funding to finance capital equipment without unnecessary security of personal assets, and is preparing to launch a number of exciting new services.

Paul Jennings, Managing Director of JCB Finance, commented: “We know from experience the importance of providing our customers with reassurance and understanding, and importantly tailoring our services to meet our customers’ needs.

“Unlike big banks, who have in some cases withdrawn funding from small businesses when they needed it most, JCB Finance has always gone out of its way to support customers with asset finance, using hire purchase and leasing to help small businesses secure the resources they needed while protecting their working capital.

“Such options give customers a regular and fixed payment schedule as a secure alternative to payment on demand loans, something which the research highlighted as a top priority, with 89% of those surveyed stating that managing working capital is important to their business.”

JCB Finance is therefore delighted to announce the forthcoming launch of its Online and Sign Online platforms. Scheduled to launch in October 2017, they will enable the convenient and secure signing of finance agreements, without the need for printing, scanning and emailing. It will also enable customers to access their agreement details, any related correspondence and plan their cash flow more easily.

Finally, the survey showed that 82% of customers who use JCB equipment would be happy to arrange finance with their dealer or salesperson. JCB Finance is therefore proud to offers its services nationwide via its trusted and accredited dealer network or through its personal field sales team, to help best meet the needs of individual customers.  

 

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