The latest figures from the British Bankers' Association (BBA) show that lending to small businesses rose in May. According to the BBA's statistics, lending to small firms increased by £153 million in May, compared to April, while over 45,000 new small business banking relationships were established.
For more on this story go to:
http://www.bba.org.uk/content/1/c6/01/62/98/Small_Business_Monthly_Press_Release%20May%2009.pdf
www.ukba.co.uk
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Who can doubt the data? However my clients experience shows a different picture with for example overdrafts reduced when up for renewal - even when business is trdaing well. Banks are also making it extremely difficult to get the new government backed loan scheme.
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