Just when you thought it was safe to go back into your high street branch: a new survey says that less than one in 10 SMEs looking for finance at their bank or building society actually walk out with a business loan.
Tag Archives: business loan
MPC votes once more to leave base rate at 0.5%
The Bank of England’s Monetary Policy Committee has chosen to yet again let the base interest rate for the country at its 0.5 per cent rate for another month, even as experts point out that throughout the 3 centuries that the BoE has been in operation, this rate is the lowest it has ever been.
HSBC hits Project Merlin business loan target for SMEs
One personal and business bank account provider has recently announced it has managed to hit its Project Merlin business loan target in 2011 for small and medium sized firms.
Project Merlin fails, small business bank account lending down
Business loan experts have been declaring that the Government’s Project Merlin scheme is a bust, as the amount of lending supplied to small business bank account holders has actually declined for nine months out of the past twelve.
BoE director says SMEs need more business loans
Small business bank account holders need better access to credit, according to one Bank of England official, urging business loan regulations to be loosened.
BoE regional agents warn small firms avoiding their banks
Regional agents for the Bank of England have warned that small business bank account holders have been avoiding their financial services providers due to fears their existing facilities will be renegotiated or withdrawn.
Business loan margins too high, say small businesses in UK
The majority of small business bank account holders in the UK feel that business loan margins as set by their banks are too high, according to a recently published research study.
Small business bank account holders lack credit awareness
According to research recently conducted by Experian, many small business bank account holders are severely lacking when it comes to credit awareness.
Major bank offers business loans to firms hit hard by riots
One major personal and business bank account provider has recently announced it will be coming to the aid of firms hit hard by rioting by offering no-fee business loans.
BoE: Project Merlin business loan targets for 2011 on track
According to recent figures released by the Bank of England, Project Merlin business loan targets are on track for the year after in excess of £20 billion filled small business bank accounts this past quarter.
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