Best Advice reports on the reasons why SMEs seek funding.
“UK SMEs plan to increase their borrowing to capitalise on summer spending, according to research from Nucleus Commercial Finance.
Summer was considered the most important season for 21% of SMEs, with 40% expecting their income to increase over this period.
For those businesses that believe summer is the key season, 56% plan on accessing alternative finance to capitalise on the opportunity a busy summer provides. The top three reasons for this are:
