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More than a quarter of UK firms claim that banks won’t lend to them

A new study reveals the challenges that businesses experience when trying to obtain financing from traditional lenders and how non-traditional alternatives might fill the gap. According to a poll conducted by the Confederation of British Industry (CBI), more than a quarter of business executives said they had trouble obtaining financing from major banks. Additionally, 2 out of 5 people believe that banks' lending practices have not evolved to meet contemporary company demands. More than one-third of the firms polled believe alternative lenders make it simpler to acquire capital, and three-quarters say their company has profited considerably from invoice financing options.…