{"id":2025,"date":"2017-09-08T08:54:00","date_gmt":"2017-09-08T08:54:00","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=2025"},"modified":"2017-09-08T08:54:00","modified_gmt":"2017-09-08T08:54:00","slug":"almost-three-quarters-business-owners-pumping-personal-savings-smes","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/almost-three-quarters-business-owners-pumping-personal-savings-smes\/","title":{"rendered":"Almost three quarters of business owners pumping personal savings into SMEs"},"content":{"rendered":"<p>New research suggests that the majority of British business owners regularly pump personal savings into their small and medium-sized enterprises (SMEs) in a bid to avoid taking out loans or borrowing additional funds from banks and alternative lenders.<!--more--><\/p>\n<p>According to a study commissioned by Hitachi Capital, almost three quarters (72 per cent) of SME owners have pumped personal cash into their business in the past year.<\/p>\n<p>More than half (54 per cent) of business owners said that their main reason for doing so was that they wanted to \u2018owe out\u2019 as little money as possible.<\/p>\n<p>In fact, the research revealed that most businesses generally saw borrowing as a last resort, with only 17 per cent of SME decision makers claiming to feel comfortable borrowing money to invest in their business.<\/p>\n<p>The self-financing trend was found to be most popular amongst budding entrepreneurs and start-up businesses.<\/p>\n<p>As many as 91 per cent of start-up and microbusiness owners said that they had used personal savings and money to get their business or business idea off the ground.<\/p>\n<p>When it came to more established SMEs, however, only 69 per cent said that they had invested personal funds into their business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New research suggests that the majority of British business owners regularly pump personal savings into their small and medium-sized enterprises (SMEs) in a bid to avoid taking out loans or borrowing additional funds from banks and alternative lenders.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2025"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2025"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2025\/revisions"}],"predecessor-version":[{"id":2026,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2025\/revisions\/2026"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}