A survey by payments giant WorldPay has found that 52% of SMEs are concerned that bank loans will not be as readily available in 2018 as they are now while nearly a third of SMEs claim to have already encountered problems finding fresh finance.
The survey also found that of the SMEs that sought funding over the last 12 months, 29% said that they were put off from going ahead because the costs were too high.
However, 40% of younger business owners say the growth of alternative finance options, such as peer-to-peer lending and business cash advances, have reduced their reliance on bank funding.
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At The Funding Store we put you in front of multiple lenders to bring your fast, flexible solutions that meet your finance needs.
If you would like to discuss how we can help you find finance for your business you can contact us 7 days a week, or request a call back via the form on this page.