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20% of SMEs applied for bank finance last year - survey

A new survey shows that 20% of SMEs applied for bank finance in 2024, an increase from 18% in 2023.
Business • 19 May

88% of SMEs who sought bank finance secured funds

The Department of Finance's latest SME Credit Demand Survey shows that of the SMEs that applied for bank finance in 2023, 88% had their application accepted, with 11% denied and 1% still awaiting approval.
Business • 25 Apr 24

SMEs report improved performance on 2020 - survey

A new survey from the Department of Finance shows that 57% of SMEs reported a profit in 2021, compared to 31% in 2020 and moving closer to the 69% of SMEs that reported a profit in 2019.
Business • 15 Feb 22

20% of SMEs applied for bank credit

The results of the latest SME Credit Demand Survey shows that 20% of small and medium sized businesses applied for bank credit between October 2020 and March 2021.
Business • 27 Sep 21

60% of SMEs have availed of Temporary Wage Scheme

The latest SME Credit Demand Survey shows that turnover across the SME sector was significantly lower in the months from March to October than at any other stage in the survey's history.
Business • 20 Nov 20

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