Bristol-based Clifton Asset Management was honoured at a prestigious industry award ceremony for the hugely-successful launch of the alternativebusinessfunding.co.uk (ABF) portal.
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The finance company was highly commended for Innovation in the SME Finance Sector at the Business Moneyfacts Awards in London on March 19.
The accolade was the latest in a successful month after CAM was named as one of the UK’s top disruptive SMEs in The Everline Future 50 Awards and also reached the finals of the Credit Today Awards – shortlisted for the Best Alternative Funding Provider Award.
CAM chairman Adam Tavener was highly instrumental in the launch of the ABF portal in March 2014.
Customers are signposted to the most appropriate source of non-bank funding by an interactive, user-friendly traffic light system.
With over 14,000 visits so far and 8,000 clicks through to a funder, an estimated 2,500 SMEs have successfully found funding through the portal since launch.
Chancellor George Osborne has announced that legislation is set to be introduced later this year to force banks to refer SMEs turned down for funding to alternative funding providers following lobbying by ABF.
ABF is widely recognised as a front runner to receive Treasury recognition.
[blockquote]“Although Clifton drove the development of the ABF portal, this accolade also recognises the other six founding funders, without whom this would not have been possible.
The portal has really gathered momentum since launch – finding funding solutions for around 2,500 businesses in just twelve months. This is testament to the speed and simplicity with which business owners can get an indication of the funding options open to them.”[/blockquote]