Bad businesses could be saved by sudden credit increase, warns Dragon
Dragon's Den star Peter Jones has warned that an improvement to the flow of credit to small businesses could lead to some undeserving firms being saved from closure.
Speaking as part of Small Business Week 2009, he conceded that businesses can't survive without credit but said that the UK has "got carried away on the self-fulfilling cycle of increased debt". He also went on to defend the banks' lack of lending, saying that any business would currently be "cautious" when giving out credit.
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http://www.accountancyage.com/accountancyage/news/2250015/credit-boom-save-bad-businesses
