ISME Welcomes Upturn In Credit Availability
Published on Jun 9 2013 3:48 PM in General Industry
Irish banks' willingness to lend to small and medium businesses in Ireland is now at the highest recorded level in three years, according to the results of a survey published today by the Irish Small and Medium Enterprises (ISME) Association. The study also recorded a decrease in the length of waiting times on decisions, down from five weeks to four. Demand for capital from banks now rests at around 41%, the highest level in four years. Significantly, the ISME Quarterly Bank Watch survey also found that 44% of those seeking funding were refused, compared with 52% from January to March.