SMEs are shying away from traditional bank lending, instead preferring to use alternative finance providers including asset financiers, peer-to-peer lending, and equity crowdfunding.
The British Business Bank determined that only 1.7% of SMEs are seeking loans from their bank, the lowest since records began in 2011. By contrast, peer-to-peer lending increased by 50% in 2017.
Birmingham | Leeds | Liverpool | London | Manchester | Nottingham | Sheffield
Liquidity Club, 9th Floor, Cornerblock, 2 Cornwall Street, Birmingham, B3 2DX.
Part of the Finance 4 Business Group
© COPYRIGHT 2017. ALL RIGHTS RESERVED.