SME's worried about finance

Posted on 25 Feb 2015
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SMEs worried about access to financeSMEs believe access to finance could become harder over the next three years, with the late payment of invoices flagged as an area of concern. A study by MBH Corporation found that while 40% of SME leaders believe applying for funding will become more difficult, just 10% expect the process to become easier. The study shows that 40% of SMEs plan to borrow to fund growth over the next two years. Callum Laing, CEO of MBH Corporation, said: “Access to funding is a constant worry for SMEs and being rejected can have major consequences for expansion plans”. However, noting that just 17% of businesses that applied for loans in the last year were rejected, Mr Laing said: “The good news is that experience over the past year shows that SMEs which have applied for finance have been successful.”

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