SMBs

Be Account-able When Approaching Lenders

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Executive Summary

As the recession slowly eases, many of the complaints about the slow pace of recovery are coming from the small business community. One common gripe: the reluctance of the banking industry to lend money. However, a survey from the International Federation of Accountants (IFAC) shows that banks may be more willing to lend to small and medium-sized enterprises (SMEs) in the future. Out of the more than 350 bankers who responded to the survey, more than 20 percent said that they would likely increase the number of new loans over the next two years, as well as raise loan amounts for their existing small business clients. Only two percent reported they would lower the number and value of loans to small businesses.

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