In the wake of the EU referendum, Fleximize’s Max Chmyshuk offered his insights on the outcome in an article for Business Zone. In the piece, which can be read in full here, our co-founder and managing partner examined what Brexit might mean for overseas trade, recruitment and access to funding for SMEs.
Max predicts that traditional financial institutions will rein in their lending to small businesses in light of the result, which will open the door for alternative lenders. “Similarly to the 2008-2009 crisis, the high-street banks are likely to be distracted by executing on their Brexit contingency plans, which include tightening their credit policies and reducing lending volumes, at least in the short term,” he says. “However, as the banks withdraw, alternative lending will likely grow in prominence and soften the blow for businesses that are seeking funding."