Small firms 'in recovery' - commercial mortgages

01 July 2009

Small companies are starting to show signs of recovery after being hit hard by the recession, according to the Federation of Small Businesses (FSB).

A survey by the business pressure group, which recently announced a scheme to help its members save money on phone bill costs, has found that fewer firms are seeing the cost of finance as a problem.

There are various financial issues small businesses need to deal with such as commercial mortgages and loans for start-ups, but it would seem that confidence is returning among this vital part of UK industry.

FSB research shows that at the end of last year up to 40 per cent of small firms had highlighted the cost of finance as a big problem, but now this figure is said to be 25 per cent.

John Wright, national chairman of the FSB, remarked: "Small businesses are naturally flexible and innovative in recessions and these figures show that despite the very many negative forces on them, they are being cautiously optimistic and are looking to expand."

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