For a long time, business overdrafts were the most popular way of managing short-term cash flow. You’d have an overdraft attached to your business bank account, and if you needed some extra cash you could simply overdraw your account for a few days or weeks until things evened out again. These days, it’s often not
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SMEs under pressure as banks continue to shift overdraft lending
by Owen Gough • • 0 Comments
SMEs remain under pressure as banks continue to shift overdraft lending away from them in favour of large businesses, says Funding Options, the online business finance supermarket. There has been a 37 per cent fall in the value of an overdraft provided to SMEs over the last five years from £19 billion to £12 billion,
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