Four in ten (40%) UK small and medium-sized businesses (SMEs) claim it is easier for them to access finance from fintech lenders rather than mainstream banks, according to new research from Sonovate, an alternative finance and payment solutions provider.
Alternative finance options increasingly offer a lifeline for UK SMEs, with seven in ten (70%) admitting they wouldn’t have survived the current cost of living crisis if it wasn’t for these types of lenders.
