Small firms' credit struggle - Federation of Small Businesses Wales

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Small businesses are struggling to grow because they cannot access the credit they need, according to a new study.

The survey by the Federation of Small Businesses (FSB) found that half of small businesses are looking to expand, but banks are rejecting four out of 10 applications for credit.

Iestyn Davies from the FSB in Wales told Oliver Hides on BBC Radio Wales that lack of credit is a constant problem.

Small business confidence 'low'

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