Two-thirds more recruitment agencies experiencing difficulty in accessing finance from mainstream lenders
New data by Sonovate shows reduced appetite from high-street banks to lend to small businesses, with increasing numbers reporting difficulty in accessing finance.With funding so hard to come by, two in five business leaders are now worried for the future of their organisation, particularly with rising interest pushing many to breaking point.
Alternative finance providers supplying lifeline, with 70% of SMEs saying their business wouldn’t have survived the current crisis without them.