CAPITALBOX IN THE MEDIA
Time to bounce back, 52% of SMEs in Europe relied on loans to survive pandemic
This article previously appeared in Business Money
Many of the SMEs surveyed stated that the money was used to cover overheads (35%) and wages (13%) to keep their businesses up and running.
Others used loans to invest and innovate to get them through the difficult year. One third (33%) invested in technology, turning to digital transformation to help them survive. Those in the Netherlands (41%) invested the most in this area of their business. One in five SMEs (21%) used their loans to hire talent to better equip them for the challenges.
SMES in the UK find relief in bounce back loans
This article previously appeared in International Finance
The government has widened the scope for SME lending through state-backed schemes and programmes to sail through the crisis.
Most SMEs are hopeful of recovery this year
This article previously appeared in IT Pro Portal
Small and medium-sized business owners across Europe believe their organization will fully recover from the economic effects of the Covid-19 pandemic this year. For the wider economy, most think recovery will take up to two years, while others believe it might take longer.
More than half of European SMEs confident in 2021 business recovery
This article previously appeared in London Loves Business
Despite continued uncertainty, 57% of SMEs across seven European markets feel positive about the future and think that economies will recover to pre-Covid levels within the next two years, according to a research conducted by CapitalBox, leading online pan-European SME funding platform.
More than half of European SMEs Confident in 2021 Business Recovery
This article previously appeared in Global Banking and Finance Review
Optimism for the new year mainly comes from the agriculture (60%), real estate (58%), business services (55%), and food & drink (55%) industries. As hospitality looks towards a new normal in the new year, 52% are confident of their business recovery this year. The least optimistic industries for the new year are healthcare (28%) and wholesale, retail and franchising (31%).
NEWSMORE THAN HALF OF EUROPEAN SMES CONFIDENT IN 2021 BUSINESS RECOVERY
This article previously appeared in Finance Derivative
The pandemic continues to have a big impact on businesses and economic recoveries around the globe, and there is certainly a bumpy road ahead to get there. SMEs in Europe, however, are confident that this new year will bring positive changes, and that their businesses will return to growth. As the backbone of many economies, it is great to see SMEs being optimistic about the future and the ‘new normal’, putting effort into getting back on track.