34% of SMEs risk permanent closure without accessible funding, while 50% haven't sought financial assistance despite their precarious situation.
43% cite exacerbated economic conditions hindering funding access; 28% turned down for funds discourages further attempts, showcasing SMEs' struggles.
29% of SMEs applied for business funding for the first time since November 2023, underlining increased financial pressure and evolving SME financing landscape.
John Atkinson emphasizes the critical financial challenges faced by SMEs, with 34% on the verge of closure due to funding shortages and a surprising 50% not seeking aid.
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