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 corporate users targeted by phishing significantly more than malware
A recent report released by SpyCloud highlights a concerning trend for corporate users, revealing they are three times more likely to face phishing attacks than