A quarter of SMEs use personal finance to support their business – Business Matters

See on Scoop.itmoney management

According to findings published today by Experian, the global information services company, a quarter of small and medium sized enterprise directors have used personal finance sources of funding including mortgages, credit cards and savings…

See on www.bmmagazine.co.uk

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2 thoughts on “A quarter of SMEs use personal finance to support their business – Business Matters

  1. I would have thought it was much higher. When small businesses don’t have a lot of assets and are growing their customer base, its pretty hard to get funding and even then what funding there is typically requires personal guarantees. Cashflow needs and projections are therefore one of the most important things to think about. How long will it take before your company will be consistently cashflow positive?

  2. I agree with you, the majority of small business owner clients that I speak to have their house on the line, and if they lease premises they have a personal guarantee. Understanding the difference between cash flow and profit can be quite a leap for many small business owners.

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