Bank looking to lend £1bn to SMEs in the North West
A major bank has launched a £1.05bn lending fund to support small and medium-sized enterprises in the North West.
The war chest is part of a wider £12bn SME Fund for businesses across the UK launched today.
Now entering its fifth year, HSBC UK’s dedicated SME Fund is the largest to date – increasing £2bn on last year after the 2017 fund was fully utilised by businesses looking to expand.
The SME Fund 2018 is double the first SME fund of £6bn - launched by HSBC in 2014 - and brings total funds committed to SMEs over th... 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...