CAPITALBOX IN THE MEDIA
56pc of SMEs took out a loan during the pandemic
This article previously appeared in Peer 2 Peer Finance News
More than half (56 per cent) of the UK’s small- and medium-sized enterprises (SMEs) had to take out a loan during the pandemic, either to pay for their overheads or to pay wages.
Furthermore, 68 per cent of SMEs have had their cash flow negatively impacted by the pandemic, with 23 per cent saying that they have been hit “very negatively”.
68% of SMEs in the UK negatively impacted by Covid cashflow crisis
This article previously appeared in Business Money
A survey launched by CapitalBox, one of Europe’s largest online-only lending platform, unveils the devastating effects of the pandemic on small and medium businesses in the UK. In particular, the consequences of multiple lockdowns, the increase in household savings and shift in consumer needs, that has caused SMEs.
CEO Comment: COVID-19 Recovery Loan Scheme essential for SMEs
This article previously appeared in CCR Magazine
60% of SMEs across Europe have had their cashflow impacted negatively, and 56% of SMEs have had to apply for loans purely to survive the pandemic and pay staff wages. CapitalBox’s recent survey shows that it is critical the UK Government continues to provide the support they need to get through these difficult times.
Retail eCommerce news from week beginning 8 March 2021
This article previously appeared in Enterprise Times
Retail and eCommerce highlights this week include: Keypoint Intelligence has launched UVERCE a digital B2B e-commerce solution that facilitates a unique buying experience.
Research reveals European SMEs’ reliance on loans during pandemic
This article previously appeared in London Loves Business
The most popular source of funding was retail financing (55%), a form of loan set up to pay back in installments to those with good credit ratings – this was particularly common in France (71%).
Time to bounce back, 52% of SMEs in Europe relied on loans to survive pandemic
This article previously appeared in CCR Magazine
There was a variation across countries in how many applied for loans, with more SMEs in Finland applying for loans (60%), followed by Sweden (58%), the UK (56%), the Netherlands (49%), Spain (48%), France (47%), and Germany (46%).