SME news and archive

Cynergy Bank announces Asset Based Lending to SME businesses

Cynergy Bank has launched an Asset Based Lending offering for SME businesses that want to scale up and grow following the pandemic, alongside the appointment of a new team. The bank, established in 2018 by entrepreneurs to serve the needs of business owners, property entrepreneurs and family businesses, is looking to provide small to medium...

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Klarna launches SME support package and accelerator

Swedish payments provider Klarna, known for its ‘buy now, pay later’ services, has launched a 3 million pound small business support package and accelerator programme to help British SMEs recover from the pandemic. The Support Package will provide 100 retail SMEs with access to support across different elements of their business, from office...

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UK SMEs worry they won’t survive another lockdown

Almost one-fifth of SMEs don’t think they’d survive another lockdown and would be forced to stop trading permanently if one came into effect, according to a new report by small business insurer Simply Business. The study spoke to more than 500 SME owners across the UK and also found that a third (32 percent) feel they’d be impacted worse than...