COMPANIES USING PERSONAL FUNDS TO MEET BUSINESS GOALS
April 15 2016.



Only one fifth of small businesses have used financial support, including business loans, invoice finance, peer-to-peer lending and finance leasing, in the last 12 months, research finds.


Instead businesses turn to their own bank accounts (30 per cent), overdraft facilities (16 per cent) and their own families (7 per cent) to access the cash needed, according to a study by Hitachi Capital.

Small and medium-sized enterprises (SMEs) are struggling to expand and grow their teams, with six in ten SMEs (60 per cent) expecting to stay at their current size or scale down and only 6 per cent expecting to experience significant growth, the study of some 1,000 small business owners reveals..... 


For the full story at smallbusiness.co.uk CLICK HERE