To open this Bulletin, we review findings from the latest SME Finance Monitor Report which reveals a continued fall in the number of businesses looking to borrow money. The spectre of Brexit and a general uneasiness about the economy appears to be haunting business owners.
For those businesses which are looking to borrow then easily finding a finance source can be time consuming; that’s where collaboration between operators in the finance sector can help. We look at how Starling Bank and Growth Street is one example of businesses joining forces to improve access to finance.
To close, Creditsafe the company credit rating agency, has issued its latest 3-monthly review which highlights a startling increase in both the number of corporate failures and bad debts. At least the report contains one bit of positive news to close this Bulletin!