Supporting SMEs through the crisis and recovery: Funding Circle's 2020 impact

According to the report, Funding Circle’s loans under management to SMEs at the end of last year made a total annual contribution of £10 billion to the UK and US. The lending supported 135,000 jobs and £2.8 billion in tax revenues.

What you will learn:

  • Small and medium-sized enterprises (SMEs) faced a challenging year in 2020. SMEs were impacted by restrictions and closures resulting from Covid-19.
  • The significant support provided by government highlights SMEs importance to the UK economy.
  • With online borrowing increasing, Fintech lenders were well-placed to support SMEs with the finance they required throughout the year.

Topics: Thought Leadership, Recovery, Forward thinking newsletter - US, Pandemic, SMEs, Small businesses, Tax revenues, Loans

Supporting SMEs through the crisis and recovery Funding Circles 2020 impact - iPad