Entries by petewild

The problem with banks… ?

It’s bankers’ outdated obsession with security that’s stopping SMEs borrowing… A typical owner managed business looking to their business banker for funding will end up being asked for Personal Guarantees to secure any loan… and that’s got to stop The desperate will always sign whatever the bankers want… but the rest are increasingly turning away from […]

Are you a Permanent Non-Borrower?… you’re not alone…

A third wouldn’t borrow money – even if they were paid to ?  Owner Managed Businesses (SMEs) are becoming increasingly self sufficient and shunning all forms of borrowing… 31% are now classified as Permanent Non-Borrowers (PNBs)… the highest level to date and up from 20% in Q1 of 2012… That’s a problem for the Bankers et al […]