When we speak to small business owners, we often hear the same perceptions of raising finance repeated again and again:
So, we were not too surprised to read a statistic in a recent survey by the British Business Bank – namely that when it came to seeking finance, 71% of UK small businesses would rather grow at a slower rate than go through the hassle of borrowing to grow their business quicker.
We thought this to be a rather shocking statistic – an indicator that banks’ messages and borrowers’ perceptions are hopelessly out of line. There is finance available in the marketplace for small businesses – but they do need to know where to look, and sometimes require a helping hand throughout the process.
If you are unsure about what commercial finance opportunities might be available to small businesses, speak to an experienced ASC Director, with no obligation.