{"id":1570,"date":"2016-10-31T13:31:26","date_gmt":"2016-10-31T13:31:26","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=1570"},"modified":"2016-10-31T13:31:26","modified_gmt":"2016-10-31T13:31:26","slug":"smes-turning-towards-non-traditional-financing-options","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/smes-turning-towards-non-traditional-financing-options\/","title":{"rendered":"SMEs turning towards non-traditional financing options"},"content":{"rendered":"<p>Small and Medium-sized Enterprises (SMEs) are increasingly turning towards alternative finance, according to a new study.<!--more--><\/p>\n<p>The news, which comes from the latest research carried out by alternative lender Liberis suggests that traditional bank loans are falling in popularity among Britain\u2019s SMEs \u2013 with just 15 per cent of firms pursuing such loans.<\/p>\n<p>In comparison, almost half (46 per cent) of SMEs told a survey that they had opted for non-traditional financing options in a bid to grow their businesses.<\/p>\n<p>Liberis CEO, Rob Straathof, said: \u201cSMEs are increasingly turning away from bank loans in favour of alternative finance.<\/p>\n<p>\u201cDespite the economic uncertainty surrounding Brexit, it\u2019s business as usual for the vast majority of SMEs.<\/p>\n<p>\u201cSmall businesses are continuing to borrow to expand their business, finance refurbishment and new equipment as they remain positive about future business growth,\u201d he added.<\/p>\n<p>A separate study carried out by Amicus in June suggested that as many as 16 per cent of UK SMEs had been turned down by a high street bank \u2013 whereas 51 per cent of firms felt that alternative finance was a \u2018more attractive and flexible\u2019 option in terms of securing finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small and Medium-sized Enterprises (SMEs) are increasingly turning towards alternative finance, according to a new study.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1570"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1570"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1570\/revisions"}],"predecessor-version":[{"id":1571,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1570\/revisions\/1571"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}