The Alternative Finance Provider of the Year is the latest shortlist announcement for the British Small Business Awards.

In this category, the judges will assess online finance providers such as crowdfunding sites and peer-to-peer lenders. They will look for the operators most notable in financing small companies, considering factors such as volume of funds provided, innovative services and a dedicated SME offering.

The Alternative Finance Provider of the the Year finalists are revealed as:

Amicus
CrowdBnk
Crowdcube
Funding Circle
Growth Street
RateSetter
Seedrs
ThinCats

The need for an Alternative Finance Provider of the Year category represents the astronomical rise of new and exciting ways to finance businesses online. Equity operators are a realistic option for start-ups where they would have limited alternatives to raise more than a few thousand pounds, with companies able to raise six (and seven) figure amounts to build their businesses from a basic level. Peer-to-peer lenders suit businesses that are more established, offering debt finance, often for investment in equipment or stock. Whatever your needs, there seems to be an innovative online finance option, whether it be a secured or unsecured loan, invoice finance, equity or otherwise, and the marketplace continues to develop and serve the ever-evolving needs of SMEs.

The British Small Business Awards, taking place on October 20th at the Grand Connaught Rooms, London, is the leading celebration of the UK’s small business sector, recognising the nation’s best sole traders, micro businesses and small companies – as well as the service providers, financiers and advisers that support them. For more information, please visit the British Small Business Awards website here.

For further information about this event please contact Jenna Read on jenna.read@vitessemedia.co.uk.

The British Small Business Awards event is sponsored by:

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