From Kilkenny CEB:
The network of County & City Enterprise Boards (CEB) undertook a ‘credit survey’ of small business owners last December, which established that there is a growing credit crisis within the small business sector. The main findings of the survey are as follows:
· 54% of respondents indicated that their business activity is being curtailed at present due to credit issues (i.e. unable to access necessary
overdraft facilities; term loans; bridging finance; etc.);
· 52% indicated that the banking situation is having either a serious or very serious adverse effect on their business;
· 31% reported that their business is at risk of closure due to lack of credit; and
· 74% reported that debtors and/or debtor days has increased, putting severe pressure on their working capital and cash-flow needs.
The CEB network is again undertaking this survey to ascertain if the situation is improving or getting worse. We would appreciate if you could take 5 minutes of your time to complete the survey at the attached link. The survey will remain open until next Wednesday 8th July.
Thank you for your co-operation.
http://www.surveymonkey.com/s.aspx?sm=2_2b7MxqVFTXf2jpDQ4Z_2f7ZQ_3d_3d
keith
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