Red C report shows encouraging trend on credit demand for SMEs
Businesses who are being refused credit should appeal to the Credit Review Office Welcoming the Red C report on the demand for credit by SMEs, Fine Gael Cork North West Deputy, Áine Collins, said that while the demand for credit is still soft at 40%, it is heartening that 76% of applications are now being approved by the banks. Deputy Collins has encouraged SMEs who have been refused loans by their banks to appeal the decision to the Credit Review Office, which is now overturning 55% of decisions.
1st July 2013