ICAEW - Access to Finance is not the issue

David Petrie, Head of Corporate Finance for the ICAEW, believes that access to finance, a hot topic for small businesses and government policy, is not the key issue. Instead, he suggests that business owners are lacking the right advice for how to finance their companies. This could be in terms of how to structure a finance package, the types of finance or even types of lenders to introduce. Petrie also highlights that many companies lacking in tangible assets, or entering new markets realistically require equity investment rather than debt.

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