Vulture funds buying SME overdrafts

“Cash-strapped” small businesses are being hamstrung by rising rates of loan refusals from banks, with existing overdrafts now being sold to vulture funds, a body representing SMEs has warned.

Vulture funds buying SME overdrafts
Thu, 21 Jun, 2018 - 08:00

Pádraig Hoare

“Cash-strapped” small businesses are being hamstrung by rising rates of loan refusals from banks, with existing overdrafts now being sold to vulture funds, a body representing SMEs has warned.

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