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Recent data has suggested that asset finance is becoming increasingly sought after among small and medium-sized enterprises (SMEs), a pivot driven by the COVID-19 pandemic, low interest rates and supply chain disruptions. Sam Nichols takes a look at how this provides an opportunity for brokers.
With restrictions lifted and retail spending at record highs, businesses have been fast looking to embrace the spending spree by bringing in new stock and new machinery. As the end of the financial year fast approaches, and SMEs look at taking advantage of tax write-offs and ramp up for the new financial year, asset finance is a booming market.
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