You won’t hear that statement very often these days when there are still so many complaints from small businesses unable to secure finance.
Peter Swann, Channel Manager at Intec Printing Solutions Ltd in Poole, Dorset, says access to cash does not prevent businesses from investing in new equipment.
“I have a pile of good quality prospects and when buying a Glunz & Jensen PlateWriter it’s not uncommon for them to pay a 50 per cent deposit and the final balance from their reserves,” he explains.
Mr Swann, who has worked in the print industry for over 30 years, adds: “We’re a niche player in the printing sector offering relatively low cost solutions and the majority of our customers have strong reserves. They feel that because interest rates are so low their money is better spent buying capital equipment outright rather than being tied into monthly repayments.
“Probably the largest obstacle preventing prospects from investing is uncertainty of the future,” he concludes, “which is madness when they run antiquated, inefficient equipment.”