SMEs have been badly hit by the COVID-19 crisis according to BVA BDRC.
In its SME Finance Monitor report, BVA BDRC found that three-quarters of small and medium-sized enterprises (SMEs) have been negatively affected by COVID-19, with 35 percent saying things have been really tough.
When asked, 40 percent of SMEs felt the worst was still to come, although the number of those that expected income to drop by half or more had reduced from 60 percent in the second quarter to 30 per cent in the three months from July to September.
