SME finance: Is now a good time to finance for your business?
Jeremy Lang Even in a period of looming recession, accessing capital to fund a business venture or grow a business is necessary. This is according to Jeremy Lang, Regional General Manager at Business Partners Limited (BUSINESS/PARTNERS) , who says that whether it be capital to start a new business, to fund growth of an existing business or to support a viable business during trying economic times, there is always a need among small and medium enterprises (SMEs) for financing. He stresses however that SMEs should assess whether it is in fact a good idea to source additional funds given current trading conditions. “There are many reasons as to why a business needs to apply for finance. Whatever that reason, business owners should ensure that sufficient research is conducted to assess the feasibility of the credit to avoid placing the SME in a poor financial position.” Lang says that SMEs are increasingly feeling the impact of the economic downturn, and are under financial strain as a...