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Two-Thirds of UK SMEs Believe They Will Run out of Cash Before Government Help Comes

Two-Thirds of UK SMEs Believe They Will Run out of Cash Before Government Help Comes

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EuropeFintechNews Roundup
··1 min read

A new survey by invoice finance fintech MarketInvoice finds 67 percent of UK SMEs said they will run out of cash by Easter; meaning that they will run out of cash before support from the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) reaches their business; “The number of businesses that believe they won’t make it to Easter has doubled from a third to two thirds despite the Treasury’s announcements,” said MarketInvoice CEO Anil Stocker to AltFi. “Time is of the essence. It is imperative that businesses are made aware of how to access the measures they have announced but also to widen the range of finance options available to them.”; many companies already have outstanding loans and are also worried they will put the company further in debt as they try to survive. Altfi

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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