16th November 2011
According to the recently released SME Finance Monitor, only two thirds of small firms (those with fewer than 10 employees) are getting the finance they need, leaving a third being turned down when they apply for loans.
However, the news for small firms is worse than this statistic suggests, as half surveyed said they wouldn't even apply for a loan in the first place. Well why? This is because they believe they will simply be turned down in any case.
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