Banks Aren’t Lending – So What Do You Do?

There are an increasing number of stories in the press about the lack of funds being made available for small businesses.

So what is a small business to do if funds are required to help with growth plans or support cash flow?

Well, in the current climate there are a number of innovative cschemes coming to the market that could well provide alternative sources of funding for small businesses. Recently there have been £500k interest free loans and invoice funding from 0.9-2%; all of which are viable options for small businesses.

If you’re unsure of the different sources of funding that are available, you may find the following article of interest: Different Types Of Funding

Free Resources

Related posts:

Small business lending to become an even bigger problem? Banks have threatened to raise the cost of borrowing for small businesses. Given the number of complaints we hear that it’s too expensive already, that’s...

Funding Circle for lenders and borrowers – an alternative to banks Small businesses in the UK are under the stranglehold of the major banks who charge them high interest rates and fees for borrowing. According to...

Banks block £1bn fund for small business Investment banks upset over the Government’s attacks on City bonuses are holding up a £1 billion fund for small business. Some high street banks are...

Santander small business lending boosts profits Santander saw an 11 per cent increase in UK profits in 2010, up from £1.5bn in 2009 to £1.7bn. Lending to small and med- ium-sized businesses...

Bank lending criteria ‘too restrictive’ A report by the Bank of England revealed that net bank lending fell by more than £50bn in the past year, which has had the...