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Share Radio invited Fleximize's Co-founder and Managing Partner, Max Chmyhsuk, to discuss recent Fleximize analysis, which reveals that banks continue to turn down millions in SME credit applications, despite a slight improvement in lending since the recession.
The firm, which pioneered revenue-based finance for the UK's small businesses, found that in the first half of 2015 banks rejected up to £442.3 million in credit applications from SMEs in London.
Max explains the reasons for the banks' behaviour, and how this has fuelled the alternative funding sector - the future future for SME finance. He also explains where SMEs can go to find a broad range of sources of business funding.
Listen now:
For a look at the sources of alternative finance for SMEs, download Fleximize's Ultimate Guide to Business Funding.
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