09 April 2018
UK small businesses are struggling to get access to bank funding, according to reports in Financial Times on Friday (March 30).
The small business group SME Alliance highlighted to the House of Commons the on-going challenges that small firms face when seeking bank loans where “Traditional banks remain reluctant to lend to small firms, the group said, using their size to gain a legal advantage over SMBs that file complaints with FIs.”
You can read the full article here.
If you are struggling to access finance, we encourage you to visit our Funding web page which provides an overview of alternatives to the traditional bank loan.
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