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Small businesses should consider Alternative Finance says FSB

Peer-to-Peer Lenders could be a better match for some small businesses than traditional Banks, according to the Federation of Small Businesses (FSB), which has warned that just 13 % of small firms are applying for external finance. FSB national chairman Mike Cherry said `Despite being a decade on from the crash, we still have this dangerous combination of weak appetite for, and low awareness of, alternative finance options, high borrowing costs and inadequate support for small firms that are turned down by Banks` adding ` P2P  or equity finance could be a much better match for them` –  P2P Finance News