Cash hungry entrepreneurs turn to family and friends
Posted by Cath Everett in Finances on Mon, 01/02/2010 - 13:04
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.
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