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| Expert: SMEs can still secure financing |
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| Latest Recruitment News - HR and Recruitment Legislation News |
| Written by DirectNews Feed |
| Monday, 19 July 2010 00:00 |
 An expert has said that people looking to fund a new business or SME within the City of London and across Britain do have options in the finance market, despite the country's ongoing fiscal problems.The UK is currently operating on a budget deficit that is estimated to be more than £140 billion in the aftermath of the global economic downturn, meaning that many banks and building societies have tightened their lending criteria in recent times. Therefore, entrepreneurs seeking money to start up their own company may still find it difficult to secure the credit they require, but Kathleen Hall of SmallBusiness.co.uk has remarked that there are several genuine alternatives open to such investors, like as unions or Community Development Finance Institutions. Meanwhile, recent research by PayPoint.net revealed that more that 50 per cent of the UK's office workers have considered starting up their own business and Ms Hall believes that recessionary periods can provide firms with good opportunities as they can allow companies to "spot new gaps in the market". Posted by James Strang 
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