The Importance of Lending to High Growth Companies

In the UK anyway, the vast majority of lending to SMEs is still done by high street banks. High street banks from a complexity and a cost of capital perspective are going to struggle to lend on a cash flow basis to SMEs. And with asset-like companies, you're naturally restricted in terms of your debt options. So that's why I spend a lot of time speaking to lenders as to how they approach it. You've got everything from pure play venture debt lenders who are just following VCs and following private equity into alternative finance markets like challenger banks.