Jump to content


Sign in to follow this  
ukaviator

Small businesses turn their backs on banks

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2517 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Small businesses are "drifting away" from bank funding, as confidence in securing loans falls to an almost three-year low.

 

Just 40pc of companies with fewer than 250 employees reported using any form of external finance in the three months to September, the lowest level since the start of 2010, a key survey shows. The bank-funded Business Monitor also revealed that just one in three firms that are planning to apply for a loan or overdraft are confident their bank will agree to the request, down from more than half at the start of 2012, and a record low for the quarterly survey. EEF, the manufacturers' group, called for an "immediate review" of small business finance in light of the results, including a focus on increasing competition and making it easier for companies to switch bank.

 

Lee Hopley, the EEF's chief economist, said: "Despite investment and investment intentions holding up this year, disengagement with external finance providers is on the rise. We need every pound of investment we can right now to support our SMEs growing into the globally-focused, mid-sized and ultimately large businesses of tomorrow." Shiona Davies, director at BDRC Continental, which conduced the research, said the results were down to a combination of a weak economic climate reducing the appetite for credit and an assumption that banks aren’t 'open for business’.

 

Link: http://www.telegraph.co.uk/finance/yourbusiness/9706628/Small-businesses-turn-their-backs-on-banks.html


Some useful links.

FAQ's

Making Posts

Letter Template Library

Bank Contact Details

AQ Guide to Completion

Court Fees

Data Protection non Compliance

Witness Statements for Court Bundle

Banking Code Website

Limitations Act

Fast Track Costs

A-Z Index

Mis-Claim Tutorial

Step By Step Instructions

 

Remember: The Ark was built by amateurs-The Titanic by professionals.

 

Please click my scales if you find my advice helpful !

 

If your claim is successful, please donate 5% so that it can continue to help others.

 

Your decisions and actions are your own, and should you be in any doubt, please seek qualified professional legal Help.

 

WARNING TO ALL

Please be aware of acting on advice given by PM .Anyone can make mistakes and if advice is given on the main forum people can see it to correct it ,if given privately then no one can see it to correct it. Please also be aware of giving your personal details to strangers

 

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

YOU CAN NOW COMPLAIN TO THE OFT ABOUT THEIR CONDUCT UNDER THE CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008.

Share this post


Link to post
Share on other sites
Sign in to follow this  

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...