Last year the number of start ups fell by 12.9%. Brexit was cited as the biggest reason budding entrepreneurs were putting their start up plans on hold and refraining from setting up their own business.
In our 21 year history we’ve worked alongside many SME businesses, watching them grow and becoming, well, quite frankly great. We’ve learnt a lot along the way!
Many high street, traditional, banking institutions are putting the brakes on their SME lending. FACT: SME lending by banks is falling. More and more SMEs are finding it increasingly difficult to secure funding.
The key to a successful business is knowing how to measure it. Take billionaire, entrepreneur, Sir James Dyson, who famously said “failure is so much more interesting because you learn from it.”
Yes, SMEs have confirmed they prefer invoice finance to traditional loans. A recent survey, by Xero and PayPal, has revealed these findings.
Do your customers pay you on time? Or are you constantly chasing late payers and even having to delay your own payments? You can relieve your cashflow stress simply with invoice finance, which provides financial stability and supports yours cashflow.