Sharon Wiltshire, of Bibby Financial Services, said it is 'essential' for small firms to be aware of all available funding options.
Nearly half of Scotland’s small businesses are struggling with cashflow as they attempt to prepare for Brexit, according to the latest confidence tracker from Bibby Financial Services.
Almost 160,000 – or 46% – of Scottish small and medium-sized enterprises (SMEs) suffered cashflow issues in the second quarter, while 34 per actively sourced funding in the period.
Invoice finance specialist Bibby indicated that smaller firms were turning to additional investment to offset risks associated with a no-deal Brexit.
More than half (54%) of SMEs in Scotland believe a recession is likely in the next 12 months.
