ISME report proves Govt abandonment of SMEs

Fianna Fáil Spokesperson on Jobs Dara Calleary has said a new report showing more and more small businesses are being turned down for credit is further proof of a deepening credit crisis in this country. The ISME figures show that 54% of credit requests from SMEs are being turned down by lenders.  That’s up 4% in just three months.   It comes after a Central Bank report published last week revealed that lending to SMEs dropped by 6.2% last year. “It is clear from these figures and from the recent Central Bank report that the economy is being starved of credit,” said Deputy Calleary. “This is further proof of a deepening … Continue reading ISME report proves Govt abandonment of SMEs