Free Networking Event For SME Lenders Hosted by Purbeck

The latest from Purbeck;

In response to a growing demand for finance from SMEs, professionals involved in SME lending are being invited to a free networking event, PGI Business Link, hosted by Purbeck Insurance Services.  Taking place from 12-4pm on 4^th June, in O’Neill’s in Broad Street, Birmingham, attendees can share best practice, discuss barriers to lending and gain vital insights on reducing personal guarantee risks for business loans.

Despite a turbulent economy, Purbeck has found that 70% of SMEs want to secure finance in 2025, with half of those willing to use personal assets as collateral⁾. This offers good opportunities for growth but also poses risks.

Todd Davison, MD of Purbeck Personal Guarantee Insurance says: “It is more important than ever for commercial finance and insurance brokers, accountants, lenders and solicitors to know how to safeguard their clients when taking on debt.

“No matter what reason a client is seeking finance, from supporting cashflow, to investing in new technology and equipment, if they are prepared to put their own assets on the line by signing a personal guarantee, they must fully understand the risks and importantly how to mitigate them.  This can range from sharing the risk among co-directors, to using personal guarantee insurance to help settle the debt, should the business fail.

“As experts in personal guarantee insurance, our team will be ready to answer any questions but this is also a great opportunity for professionals and advisers to SMEs to share common concerns knowing that everyone in the room is there for the best interests of the SME community in Birmingham and other major business hubs across the UK.”

Commercial finance and insurance brokers, accountants, lenders and solicitors wishing to attend PBI Business Link can book their space at: http://bit.ly/4iiAaTS.  Space is limited so early booking is recommended.