Only yesterday we secured £200k additional bank funding as part of a £500k package for a small acquisition and other capital expenditure.
The equity gap is real - most VC firms are only interested in £5m + deals, but lesser amounts are available for SMEs with a carefully focussed business plan and committed people in the business. Apart from anything else the high street banks are swamped with problems and struggling customers and are very keen to see well thought out expansion plans.
