Small businesses facing big problems? encash business loans

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September 26, 2012 | London Small is big. SMEs hold the key to lead Britain out of the financial crisis. “Historically, high-growth SMEs have played a major part in leading the country out of recession and we are seeing the same thing happening again”, said Edward Winterton, Executive Director, UK at Bibby Financial Services. SMEs also demonstrate the innovation and entrepreneurial spirit that is vital to growth. But today, it is them who are crying out for a promising change. Business investment fell for the first time for more than a year in the UK.

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The British Chambers of Commerce said the SME Finance Monitor figures showed there are still serious obstacles for many companies seeking external finance. But if the wracked economy is to wriggle out of the crisis, it is inevitable for SMEs to have access to funding. The question is how.

Business Loans – no strings attached

Social business loans from encash is the ray of hope for SMEs who are turning their backs on bank finance. With encash unsecured loans with no personal guarantees, the ambitious owners of small businesses can take the bull by the horns. SME businesses can borrow money directly from the large community at encash. Those with a good trading history in the past 3 years need not go through the hassles of borrowing from banks anymore. They can now get quick funds within a matter of days. Insightful underwriting processes and stringent credibility checks make encash a much safer platform.

With very few exceptions, all of the largest companies in the world started life as small businesses, which through a supportive platform and access to timely capital, turned into giants. encash looks forward to making a change for UK SMEs.

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PR Contact: Nitasha Jain, Marketing Manager, ext. 402, marketing(at)
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Nitasha Jain
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