A huge piece of lending-related research, the SME Finance Monitor, amongst 10,118 SMEs has been published by BDRC Continental. The key findings were:
- Demand for loans/overdrafts has fallen recently
- Demand is unlikely to increase in the next 3 months
- The majority of new/renewed loan or overdraft applicants were successful
- 2% of all SMEs were unsuccessful with an overdraft application, and 1% were unsuccessful with a loan application
Find out more about SME Invoice Finance.