P2B - Crowdfunding Is Pushing Against an Open Door


SME Finance Monitor BDRC Continental has recently published a survey that highlights the growing number of alternative funding providers. Crowdfunding is cited as a prime example of this phenomenon.

The Telegraph reports that small- and medium-sized companies (SMEs) are turning to alternative providers of finance. The news organisation's enterprise editor, Rebecca Burn-Callander says that SMEs are being pushed into the open arms of alternative funders - primarily because of a soaring failure rate for bank loan applications.

"It's sad, but not surprising," comments Money&Co. CEO, Nicola Horlick. "We are experiencing strong demand for capital from SMEs frustrated by the lengthy process and the conservative credit criteria of the banks."

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Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.