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UK banks failing to support SMEs

According to official figures lending by major banks rose by almost £1bn in the third quarter, yet small firms are still struggling to raise credit. (more…)

Bank of England cuts rates to historic low

The Bank of England has announced a cut in interest rates in an effort to stave off the threat of…

#bank#Bank of England#interest rates


Banks’ lending risk to small business overstated

The Forum of Private Business believes that the banking sector should be put under more pressure based upon what its…

#forum#liquidity#NatWest


Lloyds TSB, HBOS announce small business support packages

Lloyds TSB and Halifax Bank of Scotland (HBOS) have announced packages to help small businesses weather the financial storm (more…)


Government announce Ј30m SME fund

Business secretary Peter Mandelson has announced a new 30m fund to invest in SMEs (more…)

#investment#smes


Davenham pull back from property lending

Davenham Group plc have announced that due to market uncertainty they will be pulling back from property lending (more…)

#funding#invoice#leasing


Business failures set to to rise by 50pct in...

The number of business failures in the UK is set to rise by 50% in 2009 as firms struggle to…


Amlin withdraws from credit insurance market

The credit insurance sector is continuing to suffer the effects of the credit crisis with the announcment that Amlin will…


UK businesses still ignoring Small Firms Loan Guarantee Scheme

The Small Firms Loan Guarantee is deemed an attractive form of finance for business clients by 66% of UK accountants according…


Businesses helped by trade credit insurance as economic uncertainty...

Latest figures from the Association of British Insurers (ABI) show that as the economy worsens, more businesses are being helped…

#recession#risk#trade


Fairfax Gerrard in administration

Fairfax Gerrard Holdings Ltd. has been placed into administration as of 19th November (more…)


Visually-impaired computer specialist buys up competitor with factor funding

Lloyds TSB Commercial Finance help finance take-over of software company.   (more…)

#commercial finance#funding#international

CBI survey finds viable firms at risk as access...

Findings of CBI's major survey of UK-based companies. (more…)

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