Special Report
Squeeze on lending by banks leaves small companies reeling
Rising interest rates and reduced lending multiples from banks are already affecting some businesses’ plans for growth
John Finn has been around long enough to spot worrying market developments early on, and right now he’s watching as concerning signs start to emerge in Ireland’s small business sector.
Ireland’s economy remains strong and many smaller companies are prospering, but Finn, the managing director of Cork-based finance advisory firm Treasury Solutions, said that progress could be threatened as some of the country’s banks cut their lending multiples (a metric for borrowing capacity) when assessing ...
