How technology can support SME lending during the pandemic

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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.

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