The problem with banks... ?

It's bankers' outdated obsession with security that's stopping SMEs borrowing...

A typical owner managed business looking to their business banker for funding will end up being asked for Personal Guarantees to secure any loan... and that's got to stop

The desperate will always sign whatever the bankers want... but the rest are increasingly turning away from bank finance... and who can blame them...

Last month I was with a solid, established company who have a real growth opportunity. The middle aged owners have run the company profitably & completely debt free for over a decade, and for all that time they've been with the same bank... yet they didn't get the modest business loan they wanted... why?

Are you a Permanent Non-Borrower?... you're not alone...

A third wouldn't borrow money - even if they were paid to ?

Owner Managed Businesses (SMEs) are becoming increasingly self sufficient and shunning all forms of borrowing... 

31% are now classified as Permanent Non-Borrowers (PNBs)... the highest level to date and up from 20% in Q1 of 2012... 

That's a problem for the Bankers et al who finance SMEs because roughly a third of SMEs have had no 'borrowing event' in the last 5 years, and don't plan to have one in the future either...