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Strict policy and turnarounds are top finance barriers, say SMEs


Strict policy and turnarounds are top finance barriers, say SMEs
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Strict lender requirements and the time taken to obtain a funding decision are the top two challenges experienced by SMEs when looking to secure funding, according to new research.
According to the
Banjo SME Compass Report, 59 per cent of SMEs have experienced challenges when looking to secure funding for their business.
The report, which is based on a survey of 513 SMEs conducted by Honeycomb Strategies in March 2021, found that the top challenge cited by small businesses was onerous lender policy (22 per cent), while a similar proportion stated that the ‘time taken to obtain decision/funding’ was also a leading barrier (21 per cent).  ....

Annie Kane , Guy Callaghan , Honeycomb Strategies , Banjo Loans , Elite Broker , Adviser Live , அன்னயே கேன் , பையன் காலகன் , தேன்கூடு உத்திகள் , பான்ஜோ கடன்கள் , உயரடுக்கு தரகர் ,