Businesses often find it difficult to get access to additional funds to help them fast-track expansion plans, whether for new branches, larger premises or adding staff and services.
Even when such a business does get its hands on the much-needed business loan, repayments are fixed and don’t reflect the natural ebb and flow of healthy business cycles. Some of the difficulties SMEs face in getting hold of the cash they need include poor rates, high fees, slow facilitation and length of loan available.
Yet without additional funding SMEs would have to let employees go or may even go bust. But it’s not game over for SMEs. Payment providers working with financial utilities can change this reality – and add value to their service proposition.
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The post Webinar: The epic business loan battle: a recipe for better business loans appeared first on Payments Cards & Mobile.