Non-bank lenders making in-roads in SME market but challenges remain
(17 March 2016) – The Scottish Pacific SME Growth Index highlights two significant trends in how SMEs are financing their businesses. Firstly, the big four bank stranglehold on the SME segment is loosening with non-bank lenders starting to make inroads. Of the businesses surveyed by Scottish Pacific, 32.1% of SMEs borrow directly from their main relationship