- 02 Aug
Cash Crunch - Only 7% Of SME Businesses Face A Lack Of Credit
Contrary to popular opinion, our recent research survey found that only 7% of SME businesses questioned stated that a "lack of credit" was the biggest issue facing their business over the next year i.e. an inability to get credit from suppliers and/or financiers.
71% were concerned with cash or cash flow related issues and 22% were concerned about the lack of sales, but lack of credit was far less apparent as an issue than we expected - particularly bearing in mind all the recent talk about the "credit crunch".
Based on our research, the key issue over the next year would seem to be the "cash crunch"!