MANY businesses are finding it increasingly difficult to secure expansion capital - but are determined to press on with their ambitious growth plans.

"Asset-based finance is bridging the gap more than ever before by providing SMEs with a more flexible funding package based on the value of a business's current assets," says Ian Fitzpatrick, partner at law firm Turner Parkinson.

Invoice finance is now seen as a real alternative to mainstream funding, due to the simple nature of the product.

Also in the flexible finance review...

• Rochdale-based manufacturer CVR has been stocking up after securing its flexible finance package.