SMEs turn to SSAS schemes for loans

With conventional credit streams drying up, some small business owners have used their SSAS to provide them with working capital. Hornbuckle Mitchell says it has seen a marked increase in the number of entrepreneurs setting up an SSAS due to the flexibility on offer, and the ability to use the money to support the business in a difficult economic environment. "At a time when business owners may be finding it expensive or impossible to raise funds through their banks, a SSAS can give them access to the capital they need to meet their commercial objectives," says marketing director, Mary ...