Decline in Personal Guarantee Backed SME Finance Evident in Q2 2023

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Originally posted on July 26, 2023 @ 11:12 The latest data on personal guarantee insurance (PGI) applications for business loans sheds light on the hurdles faced by SMEs in accessing finance. The Purbeck Personal Guarantee Insurance Monitor for Q2 2023 has reported the first recorded decrease in the number of applications for insurance for personal guarantee backed loans among small and medium…

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