One financial services provider has recently announced it has set up a new online business bank account portal in order to make it easier for businesses to secure funding for their firms.
Clydesdale and Yorkshire Banks have recently remarked that they have partnered with the Forum of Private Business to bring about an online support hub in order to provide resources, expert tips, and help to businesses trying to operate in the wake of the economic recession.
One of the main goals of the portal is to give businesses new insight on how to more easily secure venture capital through information that would normally only be available from costly specialists. The site offers tips on such topics as how to take out business loans and other business banking products successfully and properly.
The lender’s small business banking director Gary Lumby stated that the new service will act as a supplement for its existing products and services. Mr Lumby also remarked that the online portal highlights the bank’s belief that business banking isn’t just about money but is also about contacts, advice, and knowledge.
In related news, Prime Minister David Cameron recently stated that banks must meet the government halfway in working with them on the Project Merlin business banking initiative. The prime minister stated that organisations which offer business banking options have a responsibility to increase the number of loans they make available as soon as possible.
David Cameron spoke to the the House of Commons liaison committee recently, stating that that banking providers need to begin to fulfil their side of the Project Merlin bargain for their business banking customers more swiftly than they have been.