Firms unaware of borrowing options
Many British firms are unaware of the different borrowing options they have beyond bank loans and overdrafts, according to the British Chambers of Commerce. It said more than half the companies it surveyed rejected loan terms over the past year due to high costs, yet many were unaware of other options including mezzanine finance, which combines debt and equity financing with peer-to-peer funding. Adam Marshall, director general of the BCC, described the finding as "concerning" as it implied that many were "treading water and putting off expansion plans".
Source: The Daily Telegraph (25/07/2016)