Bulgaria and Ireland have highest rise in unsuccessful SME loan applications in 2007-2010
Oct 4th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The economic crisis has made it more difficult for small and medium-sized enterprises (SMEs) to access banking credit. The proportion of unsuccessful loan applications rose between 2007 and 2010 in 19 of the 20 member states for which data are available. The largest increases in unsuccessful loan applications were observed in Bulgaria (from 3% in 2007 to 36% in 2010), Ireland (from 1% to 27%) and Latvia (from 4% to 26%). Unsuccessful applications fell only in Sweden (from 9% to 6%).