Lack of lending behind the surge in company closures

Abstract

Purpose

The purpose of this article is to present data on the situation for small businesses during the current recession in terms of financial services support.

Design/methodology/approach

A panel of members of the Forum of Private Business (FPB) were surveyed, seeking information about the services and support of financial services.

Findings

Whilst some respondents reported a slight improvement in support, the number of insolvencies continues to rise.

Research limitations/implications

The panel represents only members of the FPB.

Practical implications

The data are very recent and report the current experiences of small businesses with messages to government and the financial services sector of a lack of support for small businesses.

Originality/value

Small businesses are hard to access and the article contributes to both policy and practice in the support of an important commercial sector.

Citation

McCabe, P. (2009), "Lack of lending behind the surge in company closures", International Journal of Bank Marketing, Vol. 27 No. 7, pp. 547-551. https://doi.org/10.1108/02652320911002359