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Wednesday 19 September 2012

Small business owners 'need more financial support'

More support should be opened up to small business owners so that they can have better means to access finance.

Phil McCabe, spokesman for the Forum of Private Business, believes that this strategy should be highlighted by being tougher on banks which do not have adequate lending schemes in place.

"There should be more support for alternative forms of finance to allow them to compete in these finance markets," he added.

These comments come soon after a poll by the Federation of Small Businesses revealed that 42 per cent of small business owners who had applied for a loan had seen their requests turned down.

Another suggestion given by Mr McCabe when it comes to giving owners of small firms a helping hand is to introduce "significant tax reductions" so that ventures into entrepreneurships become more attractive.

"Lessons of history show that is how you get business growth," the business expert underlined.

As a recruitment provider to many of the UK's major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA's and Mortgage Broking.ADNFCR-1617-ID-801452412-ADNFCR

Source: The Sales Executive News

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