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With most small businesses suffering from poor performance since the start of the recession, a new report suggests that up to 65% of SMEs are penalised by financial organisations as a result.
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New research shows that the UK is near the bottom of the league in terms of lending to businesses since the collapse of Lehman Brothers in 2008.
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New figures released by the Bank of England show the big banks are missing the small business lending targets they agreed with the Government under “Project Merlin”.
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The availability of bank loans for businesses is a hot topic at all stages of the economic cycle. During downturns, lending can become tightened, while boom times see some businesses take on huge debts in their quest for rapid growth.
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