With the current debate over lending policies in the spotlight, banks are defending their position by claiming the public don’t understand the narrow margins that banks operated on. A bank’s lending division can be in trouble if just one in 100 loans went bad in the SME sector and the difficult financial climate is making it . . . → Read More: Banks fight their corner following recent scandals
Compared with other European economies the amount of loans being given to small businesses by UK banks is low. In the last few years the number of loan approvals for small to medium-sized enterprises has fallen greatly. Official data that has recently been released shows the need for the government to encourage lending to small businesses.
This . . . → Read More: UK banks give little to SMEs compared to European banks
Recent information that has been released by the Bank of England has said that small businesses are still finding it hard to get loans from banks. This is having a negative effect on the economy as it is preventing the growth of business and therefore having an effect on employment figures.
There have been several suggestions made . . . → Read More: Banks must be pushed to lend to SMEs