Invoice Bazaar Blog

81% of SMEs in UK look for external finance options to support operations

By Invoice Bazaar | May 11, 2022

Around 81% of SMEs in the United Kingdom are looking for some kind of cash injection from external sources to support their business, and almost 12% out of that said crowdfunding is their most preferred finance option. Disclosing this, the annual SME Confidence Tracker Survey of 500 UK SME owners and decision-makers conducted by Bibby Financial Services said the top three preferred options were business loans (34%), credit cards (30%), and overdrafts (29%). Meanwhile, the following four preferred finance options were government loans (21%), invoice finance (19%), private equity (14%), and asset finance (12%).   

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