CAPITALBOX IN THE MEDIA
SMEs call for more government support despite loan schemes and furlough
This article previously appeared in P2P Finance News
43 per cent of small- and medium-sized enterprises (SMEs) received a state-backed loan during the Covid-19 crisis but a similar proportion believe the government could have done more to support businesses, research has shown.
CapitalBox reports SMEs to try to bridge the Furlough finance gap
This article previously appeared in IBS intelligence
Loans were taken out by UK small businesses to cover workforce costs spiked from 1% in March 2020 to 14% in April 2020, according to CapitalBox data. This comes after the initial announcement of the Government’s Coronavirus Job Retention Scheme, also known as the furlough scheme, which failed to cover the entire workforce costs for many SMEs in those first crucial months of the pandemic.
People don’t like to be told no when it comes to finance
This article previously appeared in Global Banking and Finance
We’re especially not good when it comes to asking for money or admitting that we don’t know what kinds of finance are available. It’s an emotional business, which is why so many smaller companies ask family and friends for money, go deeper into overdrafts or use credit cards. Recent research conducted by CapitalBox found that, as a result of COVID-19, almost 1 in 4 (24%) of European SMEs asked family or friends for financial help.
CapitalBox to become Finnish Athletics Federation’s main partner – Olympic winners are part of the new sponsorship concept
The Finnish Athletics Federation and CapitalBox, Northern Europe’s leading SME-financing Fintech company have signed a four-year cooperation agreement to make CapitalBox the new main partner of the Finnish Athletics Federation. In the first phase, CapitalBox will launch a cooperation with the Finnish Athletics Federation in Finland. At the same time, Team CapitalBox, which consists of top athletes from Finland and Sweden, will also be used internationally in marketing to other countries.
Hung out to dry: SMEs need further support to stay afloat
This article previously appeared in Brands Journal
The most popular source of funding, however, was retail financing, a form of loan set up to pay back in instalments to those with good credit ratings, which was the number one choice for more than half (55%) of small and medium businesses in Europe.
Hung out to dry: SMEs need further support to stay afloat
This article previously appeared in Technology Dispatch
Since the easing of restrictions, the rapid vaccine rollout and continued support from the government, there has certainly been an increase in consumer confidence. In fact, the UK consumer confidence index rose to its highest levels since lockdown this March and was recorded as the largest monthly jump in almost a decade.