Cost of SME borrowing to soar above £50 billion in 2017

British small and medium-sized businesses are planning on borrowing an average of £41,770 in 2017, according to new results from Zurich SME Risk Index. This would mark an increase of approximately one fifth (22 per cent) compared with 2016, when small businesses borrowed on average just £34,375. As a result, should the number of businesses that
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