CAPITALBOX IN THE MEDIA
UK SMEs aren't getting the cash flow they need
This article previously appeared in IT Pro Portal
Cash flow problems forced organizations to postpone reinvestment into the business, making surviving economic turbulence an even more challenging task.
68% of SMEs negatively impacted by Covid cash flow crisis
This article previously appeared in CAB Digital Accountants
The latest research by online lending platform CapitalBox found that cash flow issues had curbed investment with 25% claiming that they had been unable to pay employees and a further 15% had not been able to cover debt or loan repayments. This is despite the support from government with furlough payments covering 80% of salaries for staff unable to work during the pandemic.
How SME’s can fund themselves when coronavirus assistance ends
This article previously appeared in AAT
“It is increasingly evident that financing needs to come from providers who understand the specific needs of SMEs – with a flexible approach, quick turnaround times and the ability to leverage technology and machine learning to make better decisions,” said Donnelly. “This is the time for alternative lenders to shine and be the catalyst for economic recovery.”
Most UK SMEs have been negatively impacted by the COVID cash flow crisis
This article previously appeared in Exbulletin
A new study by CapitalBox, one of Europe’s largest online-only lending platforms, found that 23% of respondents who responded to the survey said it was very negative, while the remaining 43% said it was a bit hit. Photo: Reuters / Clodagh Kilcoyne
About 68% of UK small and medium-sized businesses (SMEs) had a negative impact on cash flow due to the coronavirus pandemic, and 1 in 4 companies were unable to pay their employees.
Majority of UK SMEs negatively impacted by COVID cash flow crisis
This article previously appeared in Yahoo Finance
Some 68% of small and medium enterprises (SMEs) in the UK have had their cash flow negatively impacted during the coronavirus pandemic, while one in four businesses were unable to pay their employees, it has emerged.
SMEs in UK take heavy Covid cashflow hit
This article previously appeared in TMEF
Covid-19 pandemic has had devasting effects across all industries, with SMEs in particular struggling to stay afloat. New research has found that 68 per cent of UK SMEs have had their cashflow negatively impacted during the pandemic, with one in four businesses unable to pay their employees due to these frustrations.