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Business Funding
submitted by brendon1956
businesses are struggling to get Business funding.Failure to access sufficient capital could hamper productivity growth of your business.More than half of small and medium-sized businesses (SMEs) in the UK are struggling to get the Business funding they need to help boost investment and productivity, new research has revealed.According to merchant bank Close Brothers, only four out of ten SMEs have been able to secure funding from their chosen lender.Of these, 34 per cent felt that the capital available to them wasn’t enough to fund their investment plans, while a further 24 per cent said that the type of funding they had used was too expensive.Since the financial crisis, Britain’s high street banks have been less willing to lend to small businesses over fears they might default.However, the market has recently started compensating to some degree with the growth of challenger banks and peer-to-peer lenders – giving businesses more options.“Lenders could certainly do more,” saidMike Cherry, chairman of the Federation of Small Businesses.Need Business Funding we can help view our website
 
Topic: Economics


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