‘Keep your hands off our property’, SMEs tell lenders
Most business owners are willing to pay more rather than use property as security for business loans, new research suggests, just as one bank pledges $3 billion in new credit to SMEs.
Eight out of 10 SME owners actively resent stumping up property — often the family home — to fund their business, and most are willing to pay higher interest rates in order to keep their property off the table, according to Scottish Pacific.
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