Financial pressure growing on SMEs

Industry News | 16/08/22

An article released by Credit Strategy highlights that the value of overdrafts for small and medium-sized enterprises (SMEs) grew 18% from £8.3bn (May 2021) to £9.8bn (May 2022) as small businesses face financial stress. The analysis, published by UHY Hacker Young, suggests that some SMEs may be struggling to secure more suitable forms of lending.

Source: Credit Strategy