CAPITALBOX IN THE MEDIA
More than half of European SMEs Confident in 2021 Business Recovery
This article previously appeared in CCRMagazine.com
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%).
More than half of European SMEs Confident in 2021 Business Recovery
This article previously appeared in Business Money
More than half of European SMEs Confident in 2021 Business Recovery
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.
Prompt Payment Code strengthened to help small firms
This article previously appeared in CCRmagazine
olvent and profitable small businesses often run into situations where they are expected to pay their own bills in 30 days while larger, more established companies choose to pay them in 60 days or longer. The lack of negotiating leverage due to their small size and their thinner balance sheets leave them constantly vulnerable to this problem. It’s good to see the government taking an active role in solving it.
Government offers new grants for businesses in UK’s Lockdown 3.0
This article previously appeared in elitebusiness
Our recent survey shows 56% of UK businesses have had to take out a government loan during the COVID-19 period, and 65% have needed to furlough staff. In an effort to reduce redundancies, which included 42% of companies in 2020, governments must learn from the initial phases of lending schemes and work closely with the finance sector to ensure SMEs have access to the necessary funding.
Comment: Government offers firms new grants to survive lockdown
This article previously appeared in CCRMagazine.com
Due to the pandemic, 60% of SMEs across Europe have had their cashflow impacted negatively. They have been unable to pay wages, to reinvest in their businesses to survive and haven’t been able to cover off outstanding debts. We welcome today’s news of the UK government making new grants available to businesses during this next phase of the pandemic. The additional support is critical as many businesses will struggle to rebuild over the next few months – especially SMEs.
Leaning on alternative lenders so SMEs can survive COVID-19 fallout
This article previously appeared in Asset Digest
The current pandemic has caused many financial markets to grind to a halt, resulting in businesses struggling to keep their heads above water. Small and medium sized businesses tend to be the worst affected due to their smaller equity cushions and heavy reliance on a steady cashflow.