small business financing

New Report Explores SME Financing

New CBI/ACCA survey explores small business financing options Small and medium-sized businesses (SMEs) are using a wide variety of financing options to access finance, including credit from trading partners and late payment. But they are also becoming increasingly important as creditors in their own right, according to a new survey by the Confederation of British Industry (CBI) and the Association of Chartered Certified Accountants (ACCA). Small business finance and the recovery (PDF), a survey of 380 UK small and medium-sized firms and nearly 100 accountancy practices, found that bank overdrafts are the most popular form of business finance, with 33% of respondents applying for them with a success rate of 73%. However, credit from suppliers, within agreed terms, is becoming more widely us... »