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The Federation of Small Businesses (FSB)has released its Pan London Voice of Business reportandfound that one in five (21%) small businesses in London, that have taken an overdraft/loan in the past 12 months, were paying an interest rate of 15% or more. Only 7%of UK businesses were paying a rate of 15% or more.
A third of London members with a loan or overdraft are paying an interest rate between 7% and 9%.The average business in London ispaying arate of 9%, compared to 7% across the UK as a whole.
FSB believes night time deliveries would deliver a London 2012 legacy - 28th February 2012
Small firms in London have been resilient but economy stalling those that look to grow over the next year - 20th February 2012
Three simple steps would show that London is open for business during and after the 2012 Games - 7th February 2012
FSB urges London Councils to rethink adverse parking proposals - 11th January 2012
Olympics legacy will be damp squib for small firms - 9th January 2012
Greater London Federation of Small Businesses calls on Minister for Employment to support the Real Life Entrepreneurs - 1st November 2011
Many small businesses will be left ‘LEZ Miserable' on the 3rd January 2012 - 27th September 2011
London 2012 Games must provide opportunities for small businesses - 7th September 2011
Graduate Interns needed by small firms in London - 18th August 2011
Late Payments Hurt Small Firms in London Shows FSB Research - 25 July 2011
Budget: Policy of Economic Apartheid Must End Says FSB - 23 March 2011
Government Must Support Self Employment to Tackle the Dole Queue - 15 March 2011
FSB Publishes Survey of Local Councils and Business Satisfaction - 17 December 2010
FSB Voices Concern Over 'Super Councils' and Procurement Opportunities - 22 October 2010
FSB Warns Businesses to Apply for SBRR While There's Still Time - 22 September 2010
FSB Greater London Region Responds to Emergency Budget - 23 June 2010FSB Responds to Mayor's Announcement on Future of LDA - 15 June 2010
FSB Publishes London Manifestos for the May 6 Local Elections - 29 March 2010