Small enterprise assist community Enterprise Nation and Capitalise, the enterprise finance platform have introduced a partnership that can ship a pioneering SME finance hub, giving small corporations entry to finance and strategic assist in a single place.
Information of the alliance follows analysis which discovered 61 per cent of small companies say they should tackle finance to fund important enlargement in 2022.
The hub will ship particular recommendation, digital lending choices, on-line funding workshops and e-learning in a bid to enhance the monetary information of the UK’s small enterprise neighborhood.
In response to analysis, commissioned by Capitalise and Enterprise Nation, greater than half (55%) of small UK companies fear they gained’t be eligible to tackle development finance in 2022 after receiving Authorities-backed loans over the pandemic.
Emma Jones, founding father of Enterprise Nation, mentioned: “Initially, it’s not true that having had, and even being turned down for a CBILS or BBLS mortgage will stop corporations accessing the finance they want. It’s unsurprising there’s lots of confusion about finance following the previous two years. Many small corporations took on, or utilized for loans for the primary time of their historical past, however with the expansion alternatives that face them in 2022, many want to extend that funding once more.
“That is why our partnership with Capitalise to ship lending assist and recommendation is so well timed. We have to guarantee companies can have entry to the funding they should reap the benefits of the alternatives on supply in 2022.”
Paul Surtees, CEO and co-founder at Capitalise mentioned: “At Capitalise, our imaginative and prescient is to offer small companies and their advisers transparency and management over enterprise finance, in a single place. Our partnership with Enterprise Nation is constructed across the precept of giving each enterprise an equal probability of success by growing monetary understanding within the small enterprise neighborhood. With entry to over 100 enterprise lenders, our goal is to assist them construct a more healthy enterprise.”
The analysis, performed amongst 500 small enterprise founders, additionally revealed half of small enterprise founders say they don’t know who to belief to get the finance they want, with 58 per cent admitting they need assistance understanding the finance choices obtainable.
The SME Lending Hub will curate lending choices and related recommendation and ship specifically-targeted insights on to companies on the lookout for assist. It launches on January 21.