Access to sales job finance 'proving difficult' for graduates
Access to finance remains a serious problem for fledgling businesses, according to a new survey released by the British Chambers of Commerce (BCC).
Ian Stobie, spokesperson for over-50s business service PRIME Initiative, said that people are finding it hard to get funding from banks because they wanted to find established businesses rather than new sales jobs.
"We started our new lending facilities in April of this year and we were inundated with applications from people who wanted to start businesses at 50 plus," he added.
Research from the BCC showed that a third of companies reported that accessing finance had been more difficult over the last three months than at any time before.
Furthermore, the number of firms reporting an improved access to finance fell, dropping from six per cent in June to just three per cent in the November survey.
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By Wayne Bly
Filed: 18-11-2009
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