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ISCOVER
Staff Reporter
Small business owners remain very optimistic about the future, new research has revealed.
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According to a new survey by Scottish Pacific Benchmark, 74 per cent of respondents expect to expand their businesses over the next 12 months.
The survey, of almost 600 clients of Scottish Pacific Benchmark – one of Australia’s largest specialist debtor finance providers – appears to confirm that debtor finance facilities are well suited to growing businesses.
It also revealed that cash flow is not the most pressing issue facing those businesses, with only 27 per cent of respondents stating that cash flow would be their biggest challenge in the next 12 months.
Peter Langham, chief executive officer of Scottish Pacific Benchmark, said the lack of cash flow concern for our clients was not a surprise, but the confidence in business growth was.
“Especially with the economy the way it is,” Mr Langham said.
“I suppose it just confirms that debtor finance is the right sort of finance for those businesses wishing to grow.
“The survey covered clients across Australia and New Zealand and is representative of the true SME,” he said.
