Enterprise financing will offer KPMG’s debt advisory expertise as well as support for SMEs planning to raise debt finance or refinance of between £2m-£10m.
KPMG is looking to provide independent competition to the broker market through its enterprise financing offering as it continues to support privately owned businesses through KPMG Enterprise.
“Our new enterprise financing offering provides independent advice for a borrower ensuring they are partnered with the most appropriate lender for their requirements and secure market competitive terms,” said Steve Elsigood, who will be leading KPMG’s enterprise financing offering in the UK.
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KPMG’s announcement comes after the British Business Bank found that total lending to SMEs in 2016 stood at £110bn and that the use of structured finance had increased by £1.5bn (net) over the course of the year.
The data also suggested that banks currently approve around eight in every 10 applications for finance.
“For any SME looking to raise debt, now is a great time to be in the market,” Steve added.
“Lenders have funds to put to work, pricing is attractive and the range and variety of funding options available to SMEs continues to increase.
“Navigating this landscape effectively can be difficult and time-consuming, which is why many businesses turn to independent advice on the best way forward.”
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