Fabian Demicoli

One out of three SMEs did not get the finance they needed in 2013

Access to
finance is still among the top concerns of the EU's small and medium sized
enterprises and younger and smaller firms are the most badly affected,
according to the "Access to Finance" survey released today by the
European Commission and European Central Bank.

About one third of the SMEs
surveyed did not manage to get the full financing they had planned for during
2013 and 15% of survey respondents saw access to finance as a significant
problem for their companies. Companies believed that bank financing conditions
worsened during 2013, with respect to interest rates, collateral and required
guarantees.

Full report can be found:
http://ec.europa.eu/enterprise/policies/finance/files/2013-safe-analytical-report_en.pdf

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