The FLA said that finding the right finance at the right time is vital for small businesses to grow and thrive.
The government should help streamline information on finance for SMEs into one single, intuitive source that can diagnose the type of finance needed and signpost where to find it, The Finance & Leasing Association (FLA) has claimed.
The FLA said it should provide links to local growth hubs where the quality of business advice is consistent across the country.
Stephen Haddrill, director general of the FLA, said: “Although there is no shortage of online business advice, it’s less clear whether a small business owner could find, in one sitting, all of the information needed to decide on the appropriate finance for their circumstances.
“Remedying this would be a great step to improving UK productivity.”
