20/10/2026
Is accessing business finance harder than it should be?
Small businesses are the backbone of the UK economy, but a recent report from the Financial Conduct Authority (FCA) highlights the challenges many face when trying to access funding.
📊 The figures speak for themselves:
🔹 SMEs account for 60% of private sector employment and 51% of turnover.
🔹 Yet they receive just 21% of the total value of UK business loans.
🔹 54% of SMEs aren't using any external finance.
🔹 39% believe the cost of borrowing is too high, while 26% find accessing credit too complicated.
The FCA is now looking at ways to make accessing finance easier, including simplifying checks and reducing unnecessary regulatory barriers.
But what does this mean for your business?
Whether you're looking to invest, expand or simply improve cash flow, understanding your funding options is an important part of business planning.
At Cornfield Accountants, we're here to help you understand your financial position and make informed decisions about your business's future.
💬 Have you found accessing business finance challenging? We'd love to hear your thoughts.