A recent poll of members of the Small Firms Association (SFA) found that investing is the current priority for 35% of small businesses, followed by paying down debts, which is a priority for 25%. Seventeen per cent of members are prioritising saving, with 13% seeking new loans and 10% restructuring their borrowing.  
 
SFA Director, Patricia Callan says, "What our small business members want is a funder that understands their business and wants to build a long-term relationship with the business.  If they have trust that this is available, then demand for credit will increase and it is essential that the banks move their risk pendulum to assess the business owner and the business potential, rather than their traditional focus on asset backed lending and security. 

Even those businesses with legacy debt, if their business model is good, will want to expand in a growing economy and they must be allowed to do so.  Only by backing small businesses, will the jobs and growth we so desire be delivered.  An effective financial system is a fundamental part of this equation."

Source: www.businessworld.ie