Why does a bridging loan provide a preferable alternative to more conventional funding solutions?
A new mobile business loans service from Barclays, which will provide instant capital to SMEs, is set to unlock a £34.25bn economic opportunity for growing companies by 2021.
With SMEs across the globe facing many of the same issues we do here in the UK, Real Business scoured the world to find out which nations were far more alike than we once thought.
Issued on 22 January, the latest Bank of England ‘Trends in Lending' report clearly showed the divide that still exists between large and small companies when it comes to borrowing money. But according to FundingKnight CEO Graeme Marshall, years of being turned down for finance has resulted in the hesitancy of smaller companies to borrow money. This seems to holding back the UK economy.
The Start Up Loans scheme has now now lent approximately £130m to new businesses in the UK since launching in 2012.