How technology can support SME lending during the pandemic


COVID-19 has resulted in a host of new challenges for the UK’s small businesses. Arguably, one of the most pressing being how to access funds to remain afloat. This is especially important as it has been recently reported that a fifth of all UK SMEs could run out of cash during the ongoing crisis if not supported correctly.

However, access to cash is not a new problem for businesses. Prior to the current pandemic research has shown that two thirds of businesses actually required extra finance over the past 12 to 24 months.

For the latest tech news and updates, Install TechCodex App, and follow us on Google News,  Facebook, and Twitter. Also, if you like our efforts, consider sharing this story with your friends, this will encourage us to bring more exciting updates for you.


Get real time updates directly on you device, subscribe now.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More