Business owners that remain cautious with regards to business funding, could be restricting their ability to grow.

The majority of SMEs do not trust traditional lenders to support their businesses according to two disparate reports.

Last week, BDRC issued its latest SME finance monitor, which showed that 8 out of 10 SMEs are refusing to apply for new finance as a result of Brexit uncertainty.
Despite ongoing uncertainty, the report clearly shows SME appetite for growth remains strong, with 45 per cent of small businesses stating they have plans to expand in the coming year, says Mark Sismey-Durrant, Hampshire Trust Bank’s CEO.

Read the full article at: http://www.growthbusiness.co.uk/british-businesses-hesitating-take-new-funding-research-2552298/