5,359 manufacturing business loan applications rejected in 2012

Posted on 18 Jun 2013 by The Manufacturer

Total value around £327.81 million according to study

5,359 manufacturing business loan applications made by manufacturing business last year were unsuccessful, according to a new report.

Research carried out by equity loan and housing investment provider Castle Trust revealed the figure, which accounts for loans and overdrafts from privately owned businesses in the manufacturing  were rejected last year. Sean Oldfield, Chief Executive Officer, Castle Trust said: “Many businesses are finding it difficult to secure funding from banks at the moment, but a number have…

This content is for subscribers only. Subscribe now for free to read the full article.