keyboard_arrow_upAlternative funding solutions
keyboard_arrow_downAlternative funding solutions

It is a catch-22 situation: in the current tough economic climate, small business owners – particularly in the restaurant business – are under increasing financial pressure and their need for working capital is growing. At the same time, the credit crunch and the associated bank liquidity requirements mean that banks have become more conservative in their lending policies, with the reduction of overdraft limits and an increase in the loan decline rate.

keyboard_arrow_upAlternative funding sought when banks decline business loans
keyboard_arrow_downAlternative funding sought when banks decline business loans

With the latest employer figures revealing a decline in the number of self-employed individuals – from 1 281 000 in the beginning of 2008, to 1 243 000 in the second quarter of 2012 – it is clear that entrepreneurs are experiencing more and more difficulties in getting their businesses off the ground.