Cash injection to open new growth vistas for UK SMEs

Shanghai Nord to lend $250m, mainly to cash-strapped firms

It is something countless British technology startups face: in a tightened economy, despite insisting they expect their revenue to grow quickly, the chances of getting sufficient funding are slim.

The Daily Telegraph in London reported last year that as many fledging firms continue to struggle, more than half of the small and medium-sized enterprises in the United Kingdom had resorted to using credit cards for working capital.