Financial health tools could unlock £5bn in SME lending – CFIT
Publication: Finextra
Access to finance remains one of the biggest barriers to SME growth, but new research from CFIT suggests the challenge is often not a lack of available capital. Instead, many businesses are held back by gaps in financial readiness and limited visibility into how lenders assess creditworthiness. The report highlights how financial health tools could help SMEs strengthen their funding profiles, improve confidence when applying for finance and unlock an estimated £5 billion in additional lending each year, demonstrating the potential of data and technology to improve access to funding.
Read the full article here.