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Firms put growth plans on hold as overdrafts are cut

Mike Randall
Mike Randall
Andy Coyne
Andy Coyne
Editor, West Midlands

ONE in ten businesses in the West Midlands have had their overdraft cut in the last 12 months a new survey has revealed.

Of the local firms that had their overdraft cut, a fifth claimed that the reduction has had a negative impact on operations, while a 20% revealed that the cuts have stifled their plans for growth.  The figures come from the latest Close Brothers Business Barometer, a survey that canvasses the opinion of SME owners from a variety of sectors across the UK on a range of economic and financial issues.&nb... for the full story register now for free or login below...

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