Feargal Quinn (Independent)
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I welcome the witnesses. I was fascinated by the figure that 50% of loans approved are drawn down. Can we get some idea of why that happens? We are here to talk about SMEs because we hear so much about SMEs having great difficulty getting loans. What advice would the witnesses give to an SME about what it must do to get the bank's willingness to approve loans? Why are only 50% drawn down after all the difficulties we hear about? What mistakes are those looking for loans and getting turned down making?