SMEs 'rely on savings and handouts'

Press Association
Updated
Small business reception
Small business reception

A quarter of small and medium-sized firms are supporting their businesses with personal savings and handouts from family and friends, a report claimed today.

Business funding specialist Bibby Financial Services, which commissioned the research, said the reliance on personal finance prevented firms from being able to take advantage of the first stage of economic recovery.

%VIRTUAL-SkimlinksPromo%

Advertisement