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