Nicklin's has set up a specialist service to help SMEs raise additional finances during the credit crunch.

Nicklin LLP has launched Nicklin Business Finance to help entrepreneurs find new sources of capital when stricter lending patterns mean bank loans are increasingly difficult to come by.

They have joined forces with a business angel and an ex banker to get access to more alternative sources of funds, and can provide businesses with advice on how to take out loans and grants from sources they may have previously overlooked.

Harvey Owen, managing partner at Nicklin LLP, said:

"Nicklin, like all accountants, has always helped clients raise finance as and when it is needed. Over the years we've raised many loans for many people, but because of the current position with the economic climate we felt the whole venture needed to be maximised and re-booted.

"We're joined forces with another ex banker and this has given us access to far more loans and grants.

"The banks are getting more expensive and it's getting harder to borrow. The banks are having to be more choosey, so you now have to put together a 'package' of lending to get the finance you need, and we're setting up those packages."

"What it means is that there are many more opportunities for businesses. Everyone thinks of bank loans or overdrafts, but our service can open up new methods, including grants from Advantage West Midlands and bringing in investors.

"It's a complete package. The service is aimed to anyone who wants replacement or additional finance."

For more information contact 0121 550 9916 or contact info@nicklins.co.uk