Cash hungry entrepreneurs turn to family and friends

Posted by Cath Everett in Finances on Mon, 01/02/2010 - 14:04

 

Personal insolvency could well have cushioned corporate failure rates last year as the continuing credit drought forced small business owners to turn to family, friends and personal credit cards for funding.

These are the findings of a study undertaken by business support organisation, the Forum of Private Business (FPB), and commercial credit reference agency Graydon UK among 750 small firms during the last six months of 2009.

 

To read the rest of the article you'll need to log in below

If you've forgotten your details click here for a reminder.

If you haven't got an account, it's free to set up and only takes a minute,
click here to register

Create your FREE BusinessZone.co.uk account to:

  • Access all articles in full
  • View multimedia
  • Receive email bulletins
  • Send private messages
Register now

Login

Forgotten your password?

From our YouTube channel

Anthony Lau, founder of Cyclehoop and 2009 winner of BusinessZone.co.uk's small business competition The Pitch:

For more exclusive videos, click here.

Do you tweet?

Join our social media discussion group and share your Twitter username with other BusinessZone members. Click here.

What one thing could your business not survive without?

We're putting together a list of business owners' must-haves. Tell us yours here.

BusinessZone TV

Dragons' Den judges James Caan and Deborah Meaden and social entrepreneur Karen Darby are some of the successful entrepreneurs who feature in our exclusive videos. Watch here.