Survey found that many SMEs still face barriers to accessing finance and financial advice. What needs to be done to address this situation?
SMEs seem to be undeterred by Brexit uncertainty as the National Association of Commercial Finance Brokers (NACFB) records a sudden increase in funding enquiries during August. While the numbers are encouraging, could they suggest that small businesses are opening themselves up to repayment problems further down the line?
The number of SME owners feeling confident about the outlook for the economy and their own businesses over the next 12 months has sharply dropped. This is according to the latest quarterly Smith & Williamson Enterprise Index, which suggests that small businesses have largely responded unfavourably to Brexit. Could there, however, still be a chink of light at the end of the tunnel?
A survey by business lender Funding Options has revealed that 30% of small firms have had their overdrafts cut in the last two years. How will this trend impact UK SMEs?