Address: Ballysheedy, Gort, Galway                  Email: finance@smefinance.ie                          Phone: 085 197 5326

A quarter (24 per cent) of owners of small- and medium-sized enterprises (SMEs) in financial difficulty over the past year have dipped into their own personal savings to address these issues, a new survey has found.

A worrying number of small businesses rely on their overdraft to manage their cash flow as late payments and uncertainty bite.

The time it takes for small- and medium-sized enterprises (SMEs) to secure finance has fallen by a quarter over the past two years, according to finance aggregator Funding Xchange.

Working capital is the part of the business finance, which is used to meet short-term liabilities and keep up the daily operations of the business smoothly.

If your general reserve does not meet this requirement, then you might be considering applying for a suitable business credit facility such as term loan, working capital loan, CC Limit, OD limit, etc…

Finance has remained a big challenge for the industry, and business loans have helped many companies in getting the required funds.

Big drops in demand for peer-to-peer lending and equity investments in 2019, although figures still coming in.

Over half of small businesses do not have any business finance in place at all, with overdrafts being most popular choice for those that do.

Smaller businesses are turning to alternative ways of financing in much larger numbers than five years ago, as traditional lending flatlines, according to a new report.

When you’re in business, you soon start noticing that cash flow plays a fundamental role in keeping everything going. At times, you may need funding to secure an additional project or to expand your business. An unsecured business loan could be perfect for that purpose.

SME Finance

If you are an SME or Sole-trader looking for finance to expand you business get in touch today.

We have the finance solution to meet your requirements.

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Our Address

SME Finance Solutions
Ballybane Enterprise Centre
Galway

Phone Contacts

Contact Sean: 085 1975326

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finance@smefinance.ie

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