Rise in confidence to secure finance amongst SMEs

The number of SME owners securing personal guarantee insurance (PGI) for a business loan doubled in September 2023 compared to the same month in 2022 according to research byPurbeck Personal Guarantee Insurance. The research found that SME business owners are now taking on loans that are on average £388,494 from £357,016 in Q3 2022 – an increase of close…

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SMEs unable to access financing amid economic uncertainty

6th October 2023 Asset Finance | #business finance

New research by Praetura, has revealed that three in five (59%) SMEs and their brokers surveyed say that it is more difficult now to access the funding they need to grow than in the last five years, as a funding crunch hits Britain’s small businesses. SMEs suggest that servicing demand is their biggest challenge, not…

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Finance shortage has caused two in five businesses to stop or pause

Two in five (40%) small and medium sized enterprises (SMEs) have had to stop or pause an area of their business because of a lack of finance over the last couple of years – a significant increase from 27% of SMEs recorded in last year according to new research commissioned by Manx Financial Group.  The…

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Smaller firms struggling to raise finance

Equity finance provision for SMEs fell sharply in the second half of 2022, according to the British Business Bank (BBB). The BBB said 2022 was a tale of ‘two halves’ with a record level of investment in businesses in the first two quarters followed by a decline driven by concerns about potential overvaluations and a…

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More than 40,000 SMEs turn to finance-providers to stay afloat

More than 40,000 UK SMEs are expected to rely on finance-providers to help stay afloat amid challenges around rising costs, according to research from fintech lender Nucleus Commercial Finance (NCF). While 15% of firms with 10 to 249 employees expect to need a loan to support the running of their business, just 1% of sole…

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