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Financial

14/05/2018

Small firms are finding it increasingly difficult to access new finance, according to new research by the Federation of Small Businesses.

The fresh findings show that only six in 10 (60%) of small firms that apply for credit are successful, a figure that's at its lowest since Q4 2015. The proportion of smaller firms describing the availability of new credit as 'poor' (40%) in Q2 2018 is at its highest for two years.