Over a third of SMEs have operated a machinery asset for longer than planned due to supply chain issues impacting the availability of new variants, Paragon Bank research has revealed.
The survey of over 500 SMEs by Opinium showed that 36% of firms are operating a machinery asset for longer than planned, with a quarter (26%) running commercial vehicles for longer than anticipated. Just under a third (31%) have refinanced an existing machinery asset, with 38% acquiring pre-owned assets due to the lack of availability…
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