Shifting mainstream credit

Posted on 20 Sep 2010 by The Manufacturer

A new study has found that two-thirds of UK firms expect credit costs to rise in 2010, fuelling interest in alternative finance.

The report by Siemens Financial Services (SFS), due to be released on September 27, shows 65% of companies in the UK (52% DE, 47% FR) expect the cost of credit to rise in 2010. Credit availability also remains tight, with predictions of further credit limit reductions in 2010 by 49% of UK companies (34% DE,…

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