Small business support network Enterprise Nation and Capitalise, the business finance platform, have announced a partnership that will provide a pioneering finance hub for SMEs, enabling small businesses to access funding and strategic support in one place. place.
The news of the alliance follows research which found that 61% of small businesses say they need to finance themselves to finance vital expansion in 2022.
The hub will provide specific advice, digital lending options, online investment workshops and e-learning with the aim of improving the financial literacy of the UK small business community.
According to research commissioned by Capitalize and Enterprise Nation, more than half (55%) of UK small businesses fear they will not be eligible for growth finance in 2022 after receiving government guaranteed loans during the pandemic.
Emma Jones, Founder of Enterprise Nation, said: “First of all, it is not true that having had or even been refused a CBILS or BBLS loan will prevent businesses from accessing finance what they need. It’s no surprise that there’s been a lot of confusion about finances over the past two years. Many small businesses have taken out or applied for loans for the first time in their history, but with the growth opportunities facing them in 2022, many need to increase this investment again.
“That’s why our partnership with Capitalize to provide lending support and advice is so timely. We need to ensure businesses can access the financing they need to take advantage of the opportunities in 2022. »
Paul Surtees, CEO and Co-Founder of Capitalize, said, “At Capitalise, our vision is to give small businesses and their advisors transparency and control over business financing, all in one place. Our partnership with Enterprise Nation is built around the principle of giving every business an equal opportunity for success by improving financial understanding in the small business community. With access to over 100 commercial lenders, our goal is to help them build a healthier business.
The research, conducted among 500 small business founders, also found that half of small business founders say they don’t know who to trust to get the funding they need, with 58% admitting they need help. help in understanding the financing options available.
The SME Lending Hub will organize relevant lending options and advice and provide specifically targeted information directly to businesses seeking support. It will launch on January 21.