Six out of ten SMEs would use crowd lending

Six out of ten SMEs would use crowd lending

 

UK BUSINESSES TURN TO ALTERNATIVE FUNDING TO GROW
Six out of ten business owners (63%) have either used crowdlending or would consider doing so, according to new research by peer-to-peer business loan website FundingKnight.

In fact, nearly one in five SME owners or decision makers report that they have already used crowdlending.

The data reveals that nearly a third (30%) of businesses view external funding as vital if they’re to achieve growth. Some 24% say that without it their growth will be far slower and 12% believe it is the difference between survival and failure. continue reading

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