Fintech firm urges SMEs to look beyond conventional bank funding
New analysis from ThinCats, the fintech lender to mid-sized small firms, shows that Manchester has a higher proportion of high-growth companies and businesses that are more likely to require funding during 2019 than the UK average.
ThinCats also discovered that businesses in Manchester have been quicker than most regions to look beyond the banks for funding since the financial crisis.
Almost two-thirds (64%) of Manchester-based SME loans were sourced through banks in 2007.
This figure has come down to 53% more recently, sligh... For the full story register now for free or login below...