Home > Uncategorized > Bain Capital on SMEs

Bain Capital on SMEs

restoring-financing-and-growth-220x207Another interesting piece

SME borrowing rates are considerably higher in Italy Spain and Ireland than in Germany but perhaps more significant was the stagnation in new lending with Ireland suffering a drop of 82% in new facilities. That is frightening

The reason given?

SMEs in Europe are starving for the financing necessary to fuel job creation and economic growth,” commented John Ott, a senior partner at Bain.

He said that one of the main barriers to better and cheaper credit provision was the lack of information about SME creditworthiness.

Vince Cable has suggested that in the UK filing rules for SMEs should be considerably relaxed to “cut red tape”. Much as I respect my local MP, I think he and the government should ponder on the above

The report is here and it is well presented and readable. Plenty to absorb and I will report back to you shortly

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