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22 Mar 2024

Rob Brown, co-director of Dalby Forest Cycle Hub, a not-for-profit hire scheme has been nominated for the Tourism Superstar 2024 award, run by VisitEngland.

21 Mar 2024

ACS (The Association of Convenience Stores) and the Federation of Independent Retailers (The Fed) have both welcomed a new report published by the Association of Police and Crime...

21 Mar 2024

As reported by Healthstores UK, new data contained in the 2024 Soil Association Organic Market report shows that independent retailers delivered an impressive 10% growth in 2023, with...

21 Mar 2024

An independent bottle shop and bar in Cheltenham has been named as the UK's Independent Beer and Wine Retailer of the Year 2024 at the Drinks Retailing Awards. 

21 Mar 2024

A number of organisations, including Bira (the British Independent Retailers’ Association), other trade associations, BIDs and unions have met with officials from the Welsh Government to...

21 Mar 2024

The British Independent Retailers’ Association (Bira) has reacted to data released by PwC and the Local Data Company exploring the state of the UK retail landscape.

8 Mar 2024

Daniel Blackham, editor of industry magazine BikeBiz, has been writing about his experience of completing the Cytech technical one qualification at training provider Spokes People in Milton...

6 Mar 2024

Cytech partner Activate Cycle Academy, the largest and most recognised training provider of bike maintenance and technical training courses to the UK’s cycle industry, recently welcomed a...

6 Mar 2024

The Greeting Card Association has reacted to a BBC Panorama programme lifting the lid on Royal Mail management prioritising parcel delivery over letters, which it says are in contradiction of...

4 Mar 2024

Pop star Kate Bush has been announced as an ambassador for this year's Record Store Day, on 20 April.

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SMEs choose alternative finance over banks

Posted on in Business News

Small businesses are turning away from banks and opting for alternative finance, according to new research.

In the last 12 months, 30% of small businesses seeking funding applied for alternative finance compared to just 18% who applied for a bank overdraft and 15% who sought a business credit card.

But, many businesses could still be missing out on the most suitable funding facilities for their needs because they aren't fully aware of their options.

According to the research conducted by One Poll for Liberis, the average time spent researching business finance sources is 3.5 hours and the average number of funders approached is three.

Of those asked, 10% of respondents were turned down for funding, and 21% only got a portion of the funding they needed, whilst 16% of those surveyed hadn't applied for funding at all because they thought they would be turned down.

Of the 1000 small business owners questioned 9% hadn't heard of or didn't know what alternative finance was.
The alternative finance sector has soared in popularity, at a time when two-fifths of businesses say that lack of access to finance is holding back growth.

With more flexibility and the ability to tailor solutions to your business's needs, the alternative finance market is helping more and more businesses to access funding.

To give SMES access to the funds they need, ActSmart has partnered with Amplifi Capital.

Whether you are looking to expand your business, re-fit your shop, improve your marketing reach and update your website or to help with cash-flow during quieter seasonal month, Amplifi Capital can help with benefits including:

  • No application fees
  • No collateral required
  • 3, 6, 9 and 12 month terms
  • Convenient daily repayments
  • Competitive charges
  • Find the right finance for your business
  • Loan values from £3500 - £100,000

The team at Amplifi Capital is on hand to walk you through the simple application process, so no waiting around.
The pioneering credit technologies mean a super-fast response, letting you make the most of every opportunity.

With automated daily repayments, direct from your bank account to suit your needs and your cash flow. There are no application fees or hidden charges. Clear and simple short-term financing with no surprises.

You qualify to apply for business lending from Amplifi Capital if:

  • Your business has been operating for 6+ months
  • Your business accepts credit cards
  • You are a UK based business

ActSmart subscribers are guaranteed the highest level of customer service, face-to-face meetings and dedicated account management.

To find out more about how Amplifi Capital can help your business, click here. To contact Amplifi Capital call 0800 4725 479 or complete the contact us form below.

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