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|Liquid Finance Provides Growth Funding to Ten UK Micro Businesses Every Week|
|Tuesday, 28 April 2015|
Liquid Finance Partners Ltd, a leader in the Merchant Cash Advance sector of the fast growing Alternative Funding market, reported today its performance over the last eighteen months where it funded over 650 micro business projects. Since the start of 2015 it has been funding over ten new UK micro businesses every week. With an average transaction size of £20,000 per customer, Liquid Finance is funding over £200,000 a week. There are approximately one million micro businesses in the UK, accounting for 10% of the UK SME market (5.2 million businesses in the UK according to FSB (Federation of Small Businesses).
“Unlike other alternative funding providers, who predominantly serve SME’s, Liquid Finance focuses on helping micro businesses – businesses with an annual turnover of less £2.5 million. 90% of these micro businesses wouldn’t fit the funding requirements of the typical alternative lenders. We provide funding in as little as five days, which is a lot quicker & more flexible than traditional loan options”, said Richard Morley, Director of European Development at Liquid Finance.
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