News from Quick Capital

Read the latest news about alternative business finance.

Fears around SME financing holding entrepreneurs back

Over half of would-be entrepreneurs are put off by the prospect of securing SME finance.

Research carried out by Space Station found that 80% of those surveyed would consider starting their own business. However, 54% were discouraged by worries over future financial risks.

More than a quarter of those surveyed also showed concern about the current economic instability. Brexit fears are heightened for SME business owners, who have less cash available to invest and grow.

Financing an SME is known to be difficult. Banks have tightened their criteria and applying for grants can be a long and drawn-out process.

New research has found that a just under a third of SME businesses start their companies with less than £250. Funds are tight, meaning that business growth can be limited.

Independent business owners are becoming increasingly concerned about SME financing and are sometimes unaware of the alternative finance methods available to them.

A business cash advance is a method of SME finance that offers a range of benefits, including:

  • Quick and simple application
  • No need to submit a business plan
  • Unsecured finance
  • Transparent fixed cost
  • Flexible repayments - pay back as you earn

To find out how a cash advance could help your business to grow, get in touch with one of our friendly advisors.

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