HM Treasury figures highlight problems facing SMEs looking to borrow
New figures released by HM Treasury highlight the growing challenge faced by small firms in the North West in borrowing cash for expansion or investment.
Since November 2016, nearly 19,000 small businesses who were rejected for finance from one of the big banks have been referred to the Bank Referral Scheme, which was launched by the Government.
Under the scheme, firms are referred to three Government-designated finance platforms: Alternative Business Funding, Funding Options and Funding Xchange where alternative lenders are the... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...