New figures released this month by the Finance & Leasing Association (FLA) show that asset finance new business grew by 3% in January compared with the same month last year – the twenty-eighth consecutive month of growth.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“Asset finance continues to be an important source of finance for SMEs with the latest BDRC SME Finance Monitor showing a success rate of 94% for SMEs who applied for asset finance in 2015. More than £16 billion of asset finance new business went to support SME investment in machinery and equipment last year.”
