"One in five small businesses (SMBs) would have dipped into their personal savings to keep operating without access to timely funding, according to recent research from Liberis, a leading embedded finance provider. The survey of more than 1.7k merchants across the UK and US, who received Liberis funding, found that 73% reported meaningful impact for their businesses by having access to capital at the moment they needed it most."
"Banks' strict rules and lengthy paperwork make it harder for viable SMBs to access funding when they need it. The research found that three-quarters (76%) of respondents had been rejected by traditional lenders at least once before turning to Liberis. For many, alternative capital offered a pathway to funds that traditional lenders couldn't provide. More than half of UK respondents (58%) and nearly two-thirds of US (65%) received their first-ever funding through Liberis."
"Alternative capital serves as a crucial lifeline for both employees and SMBs. More than one-third of those surveyed in the UK (37%) and over a quarter of US respondents (26%) avoided closure thanks to timely funding. This equates to more than two in five businesses (42%) creating or saving at least one job, while nearly a third (29%) preserved or added between two and five roles."
More than 1.7k merchants across the UK and US who received Liberis funding reported that 73% experienced meaningful impact from having access to capital when needed most. One in five small businesses would have dipped into personal savings without timely funding. Banks' strict rules and paperwork led 76% of respondents to face rejection by traditional lenders before turning to Liberis. More than half of UK recipients (58%) and 65% in the US received their first-ever funding through Liberis. Timely alternative capital prevented closure for 37% in the UK and 26% in the US, helped create or save jobs, and supported revenue growth, with 77% seeing moderate to significant increases and 53% achieving 10–25% growth.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]