New research reveals that only 20% of SMEs are utilizing Asset-Based Lending (ABL) finance solutions, indicating a significant untapped potential for financial institutions. This low adoption rate highlights a lack of awareness or understanding among small and medium enterprises regarding the benefits of ABL financing. Asset-Based Lending provides businesses with flexible funding options by using their assets as collateral, which can be pivotal in improving cash flow and sustaining growth. The data suggests an opportunity for lenders to better educate SMEs on how ABL can be a strategic financial tool. Industry experts advocate for increased outreach and support to help these businesses leverage ABL products more effectively. As SMEs seek diverse financing alternatives, enhancing visibility and knowledge of ABL solutions could address funding challenges and stimulate sector growth.
Asset Finance ConnectNew data shows Big Tech lock-in curbing consumer choice
Recent data unveiled by TheWire.in highlights how Big Tech companies are creating a consumer lock-in, thereby significantly curtailing consumer choice. The report delves into the