One-third of Scotland’s small firms are relying on credit cards to fund their business, The Herald can reveal.
Nearly two years after the height of the financial crisis, many companies are still living hand-to-mouth as they struggle to borrow from cash-strapped banks.
Official survey figures from the Scottish Government show that 34% of small and medium enterprises – the businesses that account for more than half of the nation’s jobs – have turned to plastic because they cannot access credit from the big financial institutions.
