The recent recession and credit crunch has had a huge impact on many individuals in the UK over the past few year and many firms and companies have seen their profits fall dramatically over this period, as their customers struggle to make ends meet financially.
Despite this, it seems that a growing number of company directors [...]
One of the biggest criticisms of the Government and Banking sector in the UK following the recession and banking crisis, is the lack of support being shown in offering new business loans to small and medium sized companies.
In an attempt to encourage the finance sector to offer more loans to businesses, Vince Cable and George [...]
Following the new Chancellor’s emergency budget earlier this week, high street banks in the UK have made a range of commitments to assist small and medium sized businesses in obtaining the new business loan they require.
The figures from the British Banking Association (BBA), show that high street banks are currently lending around £720 billion in [...]
During the credit crunch and particularly in the aftermath of the recent recession, the Government in the UK has been placing pressure on the main high street banks, particularly those which have been privatised through government loans, to support small and medium sized businesses with banking facilities and particularly by offering business loans.
Despite this additional [...]
Following months of low levels of activity, the amount of new lending on business loans to small companies saw a significant increase over the course of the month of March this year.
The news comes from the British Bankers Association (BBA), who’s latest figures show that there was £678 million worth of new business loans offered [...]
We have reported on several occasions in recent months on how the main high street banks are failing to support small and medium sized businesses in the UK by offering them the business loans they require in order to maintain and grow their company, despite the Government placing a huge amount of pressure on the [...]
When the Lloyds Banking Group and the Royal Bank of Scotland (RBS) received loans from the Government in order to bail them out, one of the major conditions of the deal was that they supported the recovery in the UK economy by providing and offering business loan to small and medium sized businesses.
Although the banks [...]
