Most SMEs do not shop around for finance, says survey

Almost three-quarters of Irish SMEs only approach one institution when seeking finance, according to a new survey.

The two-part BFSI SME Tracker, a survey conducted by Behaviour & Attitudes for Bibby Financial Services Ireland, conducted among 350 business owners to track the experience of SMEs in Ireland, found that 74% do not get external advice, outside of their company, when seeking funding.