According to the Federation of Small Businesses (“FSB”) one in ten small businesses applied for alternative finance in the first Quarter of 2016.
The percentage of small businesses who successfully apply for credit has also risen from 45% in 2012 to 63% in the above Quarter.
The FSB continues to have the view however that more needs to be done to make small business aware of funding other than the traditional sources such as bank overdraft/loan funding and credit cards.
For more information on successful funding for your business please contact us.