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Firms put growth plans on hold as overdrafts are cut

2nd September 2013

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Mike Randall

Mike Randall

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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