Three-fifths of small and mediumsized enterprises (SMEs) said they currently need finance to ease day-today cashflow issues.
And more than two thirds reported that they need loans to grow, according to research by asset manager Channel Capital.
With around 5.6 million SMEs in the UK, that suggests some 3.3 million need to access finance to help them stay afloat during an extremely challenging time for businesses, Channel said.
But business owners say they face roadblocks when it comes to receiving loans.
High street banks were accused of being reluctant to lend to smaller firms, the survey found.
This story is from the November 14, 2022 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 14, 2022 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
SPURS IN FREE FALL AS BLUES RISE UP
Damaging setback to Ange's top-four hopes
Rocker cleared of threat over gun stage move
Gesture deemed not threatening
We arrived at Juno, battleships were firing ...we were petrified
WHEN D-Day hero Albert Fenton was hauled out of camp and told he was going to see his commanding officer he thought his war was over.
Dine and dash lawyer struck off
Disgraced solicitor failed to pay for £43 takeaway and Harvester meal
'Daddy's girl' sues after millionaire's 'secret will' snub
THE \"daddy's girl\" daughter of a £55million tycoon is fighting in court after she was left \"dumbfounded\" at being cut out of millions in his \"secret\" will.
Police scour farm after two men shot
THIS is the remote farm where a suspected teenage burglar was shot dead and his alleged accomplice left badly injured in what police believe to be a bungled break-in.
Jay Blades and 'broken' wife split after 18 months
THE wife of TV presenter Jay Blades has announced the end of their 18-month marriage.
War crime claims over West Bank boy's killing
ISRAEL has been accused of a possible war crime over the killing of an eight-year-old boy in the West Bank.
Ditching PM would make Tories look like a maniacal cult
WE DIDN'T need the local election results to tell us that the Conservatives are in deep trouble and their chance of winning the next election is vanishingly small.
New chief for Death in Paradise
Gilet to replace Ralf Little