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A recent announcement by George Osborne concerning an £80 million scheme to boost big bank lending has not landed on deaf ears. UK small businesses have been very vocal on the subject of big bank investment up until now…or lack of!
Why Aren’t Banks Lending?
According to the Federation for Small Businesses (FSB), big banks are turning away around four in every ten small business loan applicants. The banks say this is due to the unsuitability of candidates; even going to far as to say they’d lend more if they could. But the FSB isn’t convinced and believes big banks are being deaf to the cries of small business economies in favour of boosting their own profits.
How Can Fulfillment Companies Help?
By making the most of the funding that IS available to small businesses, fulfilment companies can free up order processing time and contribute to small business growth.
Access to fulfilment companies with special small business accounts can help everyone from the eBay seller to a local charity, a small internet business to a fledgling fashion brand. Companies typically offer highly tailored services that can include warehousing, order processing, stock management and delivery. It’s this logistical side to the small business that can really help a company grow to it’s full potential.
Boosting the UK economy isn’t just a job for big business and banking. Small businesses have played a vital role in the recovery of every economic crash in the modern age and with the help of tailored services like E-fulfillment, the current economy could benefit too.