More than half a billion euros in credit was available to Irish SMEs that went untapped in the third quarter due to firms failing to take advantage of invoice finance.
Almost a quarter of small firms are being refused loans without explanation, and the banks are taking a month to make a decision on applications, the latest Irish government-backed report on lending to SMEs has revealed.
A new report on competitiveness has revealed that access to funding for Irish SMEs has deteriorated to the second worst level in the EU, coming only before Greece.
New research launched today by Bibby Financial Services Ireland (BFS) reveals that more Irish business owners would consider trading overseas if there was better access to finance and additional information available.
Atlantic Risk Management Services Limited expanded by opening a new office in Dublin.