Are small businesses too dependant on the banks for finance?

12th February 2010 - 10:10 am - by Content manager

Are small businesses too dependant on the banks for finance? Do you agree with the FPB’s call for alternative sources of finance? And what else could be done to reduce the banks’ monopoly on lending?

What’s your view?

Replies: 1

Comments

Len Wilkinson
18 Feb 2010 - 15:01

Small businesses have to depend on banks for finance as there are really no other alternatives. An idea to reduce the requirement for small businesses to need help with finance seems simple.....the cash affluent/larger companies pay for the goods/services they receive in a reasonable timeframe?? It may seem a radical concept but some small businesses will struggle to pay suppliers for goods and services in 30 days whilst waiting 60, 90 (or more) for payment for work completed. As Alexander Orlov says.......... "simples"