SMBs in Wales boast better access to loans

The recent study has shown that small Welsh businesses enjoy better accessibility of finance than businesses in other parts of the UK.

380 SMBs and about 100 accountancy practices across Britain took part in the survey conducted by ACCA and CBI.

Wales-based SMBs claim they don’t find it difficult to get loans and other types of commercial finance than in other parts of the UK. What is more, they think that they had better cash positions and credit management policies than businesses in other regions.


The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.