Can SMEs benefit from the Enterprise Finance Guarantee scheme?
The government is planning to accredit more lenders to offer loans to SMEs under the Enterprise Finance Guarantee scheme.
small business loans
Cable to clamp down on banks that do not lend to SMEs
SMEs and umbrella companies have been struggling to get much needed finance from the banks and Vince Cable has now put forward the government’s proposals to force the banks to make more funds available for small companies.
Are banks really lending to small companies again?
According to recent reports in the financial media, Britain’s banks are now approving 80% of small business loan applications, which should come as good news to limited company contractors and sole traders.