The Tax Take: Where’s the glamour?
A long way away from the cachet of a stock exchange listing and the drama of an IPO, small companies use less glamorous tactics to raise money
Companies most commonly raise money by bank borrowings, and small start-up businesses always found that difficult. The banking disasters of the last decade made it even harder for businesses to borrow - so much so that the government felt obliged to set up a separate agency, the Credit Review Office, to deal with refusals to some commercial borrowing applications.
In such a market, you’d expect that more companies would try to use the other traditional...
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