Business Finance News From United Kapital

How The Riots Have Affected Businesses - And What They Can Do About It

Tuesday 16th of August 2011

The latest riots which have now affected many areas of London, Birmingham, Manchester and Liverpool, has caused thousands of businesses to be affected. The latest statistics state that 48,404 pubs, restaurants and shops have been directly affected as a result of the riots.

The riots were not anticipated and could not be prepared for, making the situation even more shocking and distressing for business owners who may have had their business set on fire, broken into, or looted. In some cases, all three have occurred. 65% of businesses that have been destroyed or impaired are independent or small outlets which do not have the finance or capabilities to get back on track easily.

The Local Data Company, who conducted these statistics, commented, "These figures are horrifying in terms of the damage that has been done to an already struggling sector. The retail sector is a major contributor to inner city regeneration projects as well as employing thousands of people. The fact that 65% of those affected are independents shows how random and thoughtless the actions of this criminal minority are. These businesses are the livelihoods of many people and the ability to bounce back from this has yet to be seen. It is the last thing that the high street let alone the country needed. It is important that the law abiding majority offer as much support as they can to these affected businesses."

Many sad tales have been seen each morning as the shop owners return to their stores after the previous night's disturbances. In some cases, 19th century businesses which survived whole world wars and the blitz have been completely demolished in the riots. Business owners are finding it difficult to find the resources to reverse the damage.

The quicker the response after the destruction, the easier the business will be able to get back on its feet. Being resilient and practical will enable you to find the confidence to rebuild your business, however bad it has been affected by the riots.

One solution which may help in terms of financial recovery is applying for a fast business loan alternative. A merchant cash advance can be anywhere up to £150,000 which could prove to be vital funding for refurbishments or the costs of replacing stock and equipment. The cash needed to replace windows, doors and locks or security may also be needed quickly, which is where a cash merchant advance could prove very beneficial.