It is a well known fact that many small businesses have been finding it difficult to obtain the business loan they require to keep their company going since the credit crunch, largely due to the reluctance of high street banks to offer loans to anyone in the current economic climate.
However, the full extent of this [...]
As part of the measures being introduced to try and stop the UK falling back into recession, the government has announced plans to provide cash to support business loans to companies throughout the UK and help to provide kick start to the struggling economy.
The Chancellor of the Exchequer, George Osbourne, is expected to announce the [...]
Since the credit crunch and banking crisis in the UK, one of the areas where banks have been heavily criticised is that of their reluctance to offer loans, particularly when it comes to offering business loans to small and medium sized businesses.
Despite being given funding through government loans and receiving high levels of pressure and [...]
There has been a lot of criticism over high street banks in the UK since the credit crunch and banking crisis impacted on the loan and finance sectors, particularly with regard to their reluctance to offer business loans to small and medium sized businesses.
However, new lending on business loans has seen a dramatic increase over [...]
The past two or three years have been difficult for anyone looking for any kind of loan, but banks seem to be particularly reluctant to lend to small and medium sized businesses on business loans, with the result that many directors and business partners are taking out personal loans in order to fund their business [...]
The main high street banks have come under a great amount of criticism over the course of the past few years, with many people blaming them for the current state for the UK economy and in particular, the lack of availability of loans and other forms of credit.
As a part of the bail out package [...]
Following the banking crisis and recession, the big five banks in the UK made a commitment to the government to offer more loans, particularly to small and medium sized businesses, in an attempt to help get the economy back on track.
But yesterday, the Business Secretary, Vince Cable, criticised the banks and called for a significant [...]
