SME Finance: How to revolutionise a moribund market

Laura Mazur

This article looks at the ambitious plans of some finance companies to change the landscape of SME lending through a combination of marketing and technology.

SME Finance: How to revolutionise a moribund market

Laura MazurWriters4Management

The difficulty that small businesses have with getting financial support has been well-catalogued. It has also been the cause of much consternation on the government's part, since small and medium-sized enterprises (SMEs) collectively account for up to 99.9% of all private sector business, almost 60% of private sector employment and just under 50% of private sector turnover, according to the Federation of Small Businesses.

There have been various government initiatives, including a number of funding schemes to try to address this. One of the more intriguing was the announcement...

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