Learn English: Small Businesses Need Loans to Grow (normal)

2 months, 1 week ago

Small Businesses Need Loans to Grow

Even though the economy is getting better, small businesses are still having a hard time getting loans from traditional banks.

This is because banks are worried about losing money if the businesses don't succeed.

Luckily, other companies are offering loans to small businesses, but they need to be careful about who they lend to.

Using technology can help these companies manage their loan books better and make sure they don't lend to too many risky businesses.

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Source

Original: UK Investor Magazine

Tags

#small business #finance #loans #economic growth #technology

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