July saw net lending to UK businesses fell to its lowest level since records began, according to the Bank of England's latest 'Trend in Lending' report. The report also reveals that "the availability of finance remains more constrained for smaller companies". Some of the UK's major lenders told the Bank of England that small firms face tougher lending criteria than larger businesses because they are "less well diversified" and unable to withstand adverse conditions.
To read the full 'Trends in Lending' report go to:
http://www.bankofengland.co.uk/publications/other/monetary/TrendsSeptember09.pdf
www.ukba.co.uk
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