Small business isn’t small. SMEs create and sustain jobs, contribute billions of pounds to the global economy, and make a significant contribution to tax receipts. With banks restricting their lending to SMEs following the global financial crisis, online platforms such as Funding Circle have stepped in across Europe and the United States, facilitated by innovations in technology. According to a report by Oxford Economics, at the end of 2017 Funding Circle’s loans under management to small businesses contributed the following to the economies of its four markets; the UK, US, Germany and the Netherlands:
Watch Funding Circle's short video, or read their full report on the economic impact of lending through Funding Circle, by clicking on the button below.
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