More than 1 in 10 small business owners put their houses on the line during 2011 according to research from borro.

As banks continue to make life hard for businesses needing access to finance, homes are being put up as security to gain the necessary funds for growth.

24% of small businesses say finance has prevented them from growth, but due to ongoing low levels of bank financing, small business owners have had to self finance their business.

57% of small business owners have dipped into their own pockets whilst 17% have asked friends and family for help.

Options need to be considered carefully when finance is needed to develop your business. As the leading Stevenage Accountants we’re well placed to help you consider the best route to finance.