The UK's small businesses are fearful of growth and expansion says a recent article in the Telegraph. Recent research shows that 96% of SMEs are 'content with growth, but targets set for 2020 to double exports, set by the Chancellor George Osborne, may not be in line with SME's goals.
Pressure on cash flow derived from tight credit and lending by the high-street banks to SMEs during the recession and even now, has created an environment for risk aversion and not taking a business to the next level. 84pc of those polled were not prepared to take on more debt to expand and only 23pc said they would consider using alternative forms of funding.
Factoring can provide considerable benefits when it comes to stabilising cash flow for growth with our increasing long-term debt holding. See here for our top tips on how to get the best deal with factoring companies.
See more at http://www.telegraph.co.uk/finance/yourbusiness/10441656/British-SMEs-reluctant-to-grow.html
Pressure on cash flow derived from tight credit and lending by the high-street banks to SMEs during the recession and even now, has created an environment for risk aversion and not taking a business to the next level. 84pc of those polled were not prepared to take on more debt to expand and only 23pc said they would consider using alternative forms of funding.
Factoring can provide considerable benefits when it comes to stabilising cash flow for growth with our increasing long-term debt holding. See here for our top tips on how to get the best deal with factoring companies.
See more at http://www.telegraph.co.uk/finance/yourbusiness/10441656/British-SMEs-reluctant-to-grow.html
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